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Sharp Drop in Exports to Japan is Expected
Exports are expected to return to a normal level only by 2012. Renewable energy technologies could be particularly important.
Sharp Drop in Exports to Japan is Expected / Picture: © Vindobona.org
The Austrian Trade Delegate of the WKÖ in Japan, Martin Glatz foresees a massive slump in Austrian exports for 2011. Normalization will not take place before next year. The Japanese economy will recover it quickly from its setback, but reconstruction is expected to last up to ten years.
In the next six months, the Japanese economy will shrink further, according to Glatz.…
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