Tokyo [Japan], February 15 (ANI): Japan’s economy has contracted unexpectedly, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany, reported CNN.
Gross domestic product shrank at an annualized pace of 0.4 per cent in the last three months of 2023, the Cabinet Office said on Thursday, after having contracted in the previous quarter.
A technical recession is
Japan in recession, loses third largest economy tag to Germany
