TOKYO (AP) — 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.
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 Thursday, though it grew 1.9% for all of 2023. It…
TOKYO (AP) 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<a class="excerpt-read-more" href="https://whdh.com/news/japan-slips-into-a-recession-and-loses-its-spot-as-the-worlds-third-largest-economy/">Read More</a>
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