Bosch Head Predicts Japan Crisis Will Cut World Growth, FT Says
Global economic growth will be a quarter of a percentage point less this year as a result of last month’s earthquake, tsunami and nuclear emergency in Japan, according to Franz Fehrenbach, the chief executive officer of Robert Bosch GmbH, the Financial Times reported.
None the less, global growth will still reach 3.5 percent, the newspaper cited Fehrenbach as saying.
This forecast by the chief of the world’s biggest car parts supplier is more exact than any that have emanated so far from big economic institutions on the impact of the Japanese calamity, the FT said.
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