Japan's GDP contracts 2.4%

This is unexpected and I'm wondering is it because they accurately report their statistics?

Japan's GDP contacts 2.4% for the year

"The Japanese economy is certainly not falling into a hole," said Societe General Asia Pacific economist Glenn Maguire. "Given that Japan hasn't had excess capacity, excess debt, and excess employment, this cyclical slowdown is not going to slip into a full blown structural adjustment like we saw with the recessions in the 1990s

From plain main street economics they look pretty healthy, anyone else know what happened?

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Germany's Economy Contracts

Now Germany too.

Germany I can understand, they have been outsourcing jobs, all sorts of problems. They are blaming a construction slump.

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