Published 2 months ago

Japan slips into recession, becoming the 4th-largest economy, behind the US, China and now Germany

Japan has slipped to the world's fourth-largest economy, falling behind Germany in 2023, indicating declining economic competitiveness and productivity.
The decline in Japan's economy is largely attributed to its aging population and declining birth rates, affecting its economic foundation and weakening its presence in the world.
Japan's nominal GDP totaled $4.2 trillion last year, while Germany's was $4.4 trillion, showing the gap between the two economies.

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BBC News

Japan unexpectedly slips into a recession

The figures also indicate that Japan has also lost its position as the world's third-largest economy.

2 months ago·United Kingdom

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The Guardian

Japan loses crown as world’s third-largest economy after it slips into recession

Fall in rank below Germany has been attributed to a weak yen and country’s ageing, shrinking populationJapan has been eclipsed by Germany as the world’s third-biggest economy and has slipped into recession, according to data released Thursday, as the country battles a weak yen and an ageing, shrinking population.Japan’s economy, now the world’s fourth-biggest, grew 1.9% in 2023 in nominal terms – meaning it is not adjusted for inflation – but in…

2 months ago·London, United Kingdom

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The Hindu

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany’s in 2023.

2 months ago·India

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The Independent

Japan slips behind European country to become world’s fourth-largest economy

Japan has slipped into a recession

2 months ago·London, United Kingdom

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Reuters

Japan Q4 GDP unexpectedly contracts due to weak domestic demand

2 months ago·United Kingdom

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Associated Press News

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

TOKYO — Japan has slipped to the world’s fourth-largest economy as government data released Thursday showed it fell behind the size of Germany's in 2023.

2 months ago·United States

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