Japan slips into a recession and loses its spot as the world’s third-largest economy:

Daily Current Affairs / Japan slips into a recession and loses its spot as the world’s third-largest economy:

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Category : Business and economics Published on: February 17 2024

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Japan has lost its position as the world's third-largest economy, Germany takes over.
Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023.
Japan’s economy was the second largest until 2010, when it was overtaken by China’s. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion.

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Japan slips into a recession and loses its spot as the world’s third-largest economy: