Japan's crises start to undercut global economic rebound

03/21/2011 | New York Times (tiered subscription model), The

Shocks to Japan's economy are starting to spread, introducing more uncertainty into the global economy, experts said. Adding to turmoil in the Middle East and North Africa, as well as renewed concern about European countries' debt loads, recent disasters in Japan have put the global rebound at risk. In the past month, Morgan Stanley's estimate of first-quarter economic growth in the U.S. has dropped from 4.5% to 2.9%.

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New York Times (tiered subscription model), The