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Analyst: Japan Q2 GDP signals companies are recovering fast

08-16-2011 09:16 BJT

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In the meantime, some analysts say Japan's second quarter GDP shows companies are recovering faster-than-expected from the March disasters, and this may add a full percentage point to third quarter growth in the U.S.

David Carbon, head of Economics and Currencies from DBS said, "We're not looking for recession, we're not looking for negative growth, in fact we've got a positive one percentage point which we can pull out and use, kinda like a get out of jail free card, which we can pull out and use if you want for the 3rd quarter. So we still think we're looking at positive growth in Q3 and Q4, and as we move into 2012, we'll be looking for something around two-and-a-half percent on a quarterly basis."

 

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Editor:Li Wanran |Source: CNTV.CN

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