Tag: japan economy

Japan slips into recession; loses its spot as the world’s third-largest economy

Posted on By admin

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP released on Thursday, though it grew 1.9% for all of 2023….

Read More “Japan slips into recession; loses its spot as the world’s third-largest economy” »

Business

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

Posted on By admin

The International Monetary Fund had forecast Japan’s fall to fourth.  | Photo Credit: AFP 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. The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the…

Read More “Japan slips to the world’s fourth-largest economy, behind the US, China and now Germany” »

Business