Feb 20, 2024 #scmp #Asia #Japan

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Read more on this: https://sc.mp/wsw38 Japan has slipped from being the world's third-largest economy to being officially in recession.

The country’s GDP fell to US$4.2 trillion in 2023, placing it behind Germany, China and the US.
Japan's economy has been struggling since the burst of its bubble economy in the 1990s, characterized by low growth and deflation.
To recover, experts say Japan needs significant structural reforms, increased innovation and productivity and efforts to empower women.

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Blind

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UK and Japan are in #recession officially! 😞 - Blind

Statista

Chart: World's Third-Largest Economy Enters Recession | Statista

Bloomberg.com

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Japan Overtaken as World's Third-Largest Economy by Germany, Enters Recession - Bloomberg

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