Japan's Economy Slips: Recession Looms

Japan’s economy has unexpectedly contracted, leading the country to slip from its position as the world’s third-largest economy to the fourth spot, now behind Germany.

The announcement came after the annual gross domestic product (GDP) growth rate plummeted to 0.4% in the final quarter of 2023, according to government data released on Thursday. This decline follows a 3.3% annual drop reported in the previous quar

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