Will global economy be hit by Japan?

[Casino67]

Money.cnn.com:

Japan is at serious risk of falling into a recession due to Friday's tragic earthquake and tsunami, according to many leading economists. But Japan could recover quickly, sparing the global economy a significant shock.

The earthquake and tsunami is confirmed to have killed nearly 2,000 people and put several of the nation's nuclear power reactors at risk of a meltdown, leaving many without power and nearly a half-million people in shelters.

While most of the industrial base of Japan was spared the worst of the disaster, few plants are back up and running yet as the country tries to come to grips with the crisis.

"The recent events in Japan are first and foremost a human tragedy," said economists from Capital Economics in a note Monday. "Nonetheless, the markets also need to consider the economic impact."

Here are the 3 key questions in trying to judge the economic chaos caused by the disaster.

[Pepper]

Casino

 

Japan will come out stronger.

 

Paraphrasing Rushbo, Japan will rebuild before we rebuild anything at the WTC site.