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

Japan's economy shrinks to fourth-largest in world amid recession

The numbers are in: Germany has officially overtaken Japan as the world's third-biggest economy.

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.

U.S. May Surpass China as Germany’s Largest Trade Partner in 2024

U.S. May Surpass China as Germany’s Largest Trade Partner in 2024 - German companies have come under political pressure to reduce investment in China, yet the overall scale has not changed, according to an economic report

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.…