Japan PM: "Harsh Storm" Threatens Global Economy
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Reuters:
The U.S. economy contracted in the third quarter as the financial crisis raged, while Japan and Germany said they would spend billions of dollars to provide a cushion against a deep global recession.
The spending measures would complement a series of interest rates cuts, including those from China, Norway and the United States on Wednesday.
First Posted: 10-30-08 07:33 PM | Updated: 11-30-08 05:12 AM