There are divergent views about the impact of the Japanese triple tragedy on the global economy.
There are divergent views about the impact of the Japanese triple tragedy on the global economy. While some say the impact will be limited mainly to bottlenecks in the global manufacturing supply chain, others have said the Japanese disaster will have longer-term effects a wider cross section of global economy.
“It is still too early to tell what the full impact of the March 11 earthquake, tsunami and growing nuclear crisis on Japan’s infrastructure, industrial base and economic growth will be—let alone the broader global impacts,” according to Nariman Behravesh, chief economist at IHS Global Insight.
However, he notes that “in the case of Japan’s most recent calamity, given the damage to the electricity power generation capacity, the impact on economic growth could be greater.”
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Source: IB Times Staff Reporter | International Business Times