Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
Pages
▼
Monday, February 14, 2011
China overtakes Japan as world's second biggest economy
Japan has reported a preliminary 0.3 % decline in GDP (gross domestic product) in the last quarter of 2010 as a government stimulus package which included subsidies on eco-friendly cars came to an end in the previous quarter. Japan's GDP fell by 6.3% in 2009 and 1.2% in 2008. The poor state of the Japanese economy means that China is now clearly ahead of it in terms of economic output after itself producing a 10% GDP rise in the last quarter, making China the second biggest economy in the world after the U.S..
No comments:
Post a Comment