The disaster reverberated throughout the global economy, affecting stock markets, automakers and technology companies. The future of the nuclear power industry is now uncertain.
Economic consequences of the earthquake and tsunami will be felt across East Asia but will be ‘short-lived,’ the World Bank predicts. Japan’s GDP growth could be slowed by as much as half a percentage point this year.
The U.S. Business and Industry Council says American companies rely heavily on Japanese industrial equipment such as machine tools and turbines and are vulnerable to production disruptions.