UK and Japan economy slips into recession. #uk #japan #economy #recession #gdp #usa #germany
Japan’s economy unexpectedly contracted for a second quarter at the end of 2023 slipping into recession and clouding the bank of Japan’s path toward ending the negative rate policy gross domestic products shrank at an annualized pace of 0.4% in the final 3 months of last year following a revised
3.3% contraction in the previous quarter Germany is now the world’s third largest economy meanwhile the UK slipped into a mild recession in the second half of 2023 gross domestic product fell 0.3% in the fourth quarter more than the 0.1% drop Economist forecast while the economy still grew
0.1% across the year as a whole it was the slowest annual expansion the UK had seen since 2009 the pound slipped as much as 0.2% against the dollar at $ 1.254 two