TOKYO: Japans economy slowed to a standstill in the first quarter 2003 as exports stalled ahead of the war in Iraq, leaving a year-long recovery on thin ice and underscoring concerns the global economy is stagnating.
The countrys gross domestic product (GDP), the value of all goods and services produced in the economy, was unchanged from the previous quarter, the Cabinet Office said yesterday. That followed four straight quarters of solid but slowing growth.
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