US EditionJapan 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.
153 Articles
153 Articles
Japan's GDP contracts 0.1% in Q4 2023, entering technical recession with two consecutive quarters of activity declines; Government data shows household consumption fell 0.2% after a drop of 0.3% in the previous quarter, and public investment declined 0.1% after a 0.3% increase in Q3.
The US economy is booming — but Japan and the UK just slipped into recession. Here's why.
Smith Collection/GadoTwo of the world's biggest economies are officially in recession, per new figures published Thursday.Japan posted a surprise contraction in GDP, dragged down by its weak currency and aging population.Meanwhile, UK growth shrank for the second straight quarter — just months ahead of a key election.The US economy managed to shake off Wall Street’s gloomy forecasts and dodge a long-predicted slump last year — but the same can’t…
The third largest economy in the world is now only the fourth largest. There are several reasons for this.
TOKIO.- La economía japonesa se contrajo a finales del año pasado, contrariamente a las expectativas de un modesto crecimiento, lo que llevó al país a una recesión.La inesperada contracción de la economía japonesa en el cuarto trimestre fue el resultado de una desaceleración en el gasto de empresas y consumidores que están lidiando con la inflación en niveles no vistos en cuatro décadas, un yen débil y el aumento de los precios de los alimentos.…
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