Japan Slips to Fourth-Largest Economy
February 19, 2024Germany has overtaken Japan to become the world’s third-largest economy behind the US and China. Japan’s economy contracted by 0.4% in Q4 after a 3.3% decline in Q3. GDP hit $4.2 trillion in Japan in 2023 compared to Germany’s $4.4 trillion. Japan’s economy is expected to grow by 1.4% this year. Still, Bank of Japan […]