The Japanese Economy
In its seventh year of economic malaise, Japan is poised to experience its first annual decline in real GDP since the 1974 oil crisis. According to a poll by The Economist, forecasters expect real GDP to drop 2.3% in 1998 and to fall a further 0.2% in 1999.
Suggested citation: “The Japanese Economy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-11, pp. 19, 11.01.1998.