Japan and Germany catching up

Is the world turning upside down? As all the major economies are
slowing down, Japan and Germany, the usual underperformers, have
recorded record first quarter growth: 0.8% for Japan and 1.5% for
Germany. In annual terms, it is 3.2% and 6%! It shows how de-
correlated they are from the rest of the world. The reason is probably
that their labour market is not flexible. But is it about to change?
Germany has done some labour reforms and Japan is going to fight
against China to keep its position of second largest economy in the
World, which might be a catalyst for them.


http://m.ft.com/srt/d/d2c/0.0?feed-article-id=fe141cfa-2301-11dd-93a9-000077b07658&channel-id=FT.com%20-%20UK%20Homepage


Cyrille

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