Japan slips into recession

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“Economist Neil Newman told the BBC that the latest figures show that Japan’s economy was worth about $4.2tn (£3.3tn) in 2023, while Germany’s was $4.4tn.”

Germany’s economy was 0.7% higher in 2023 than in 2019, the year before the pandemic began. However, analysts said Europe’s largest economy was on track for another year of stagnant growth in 2024 at best, with a heightened risk of a second consecutive year of negative output.


How did it lose its position to Germany?

Ah German inflation.

And I heard news that UK is headed into recession too.

Rising energy costs due to Ukraine are having their impact.

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