Which Country Overtook Japan To Become Third Largest Economy? #shorts
Japan is no longer the third-largest economy in the world. Another country has overtaken Japan today. In 2010, Japan was the second-largest economy globally after the USA. However, with double-digit economic growth for more than a decade, China surpassed Japan in 2010,
Becoming the second-largest economy after the USA and pushing Japan to the third position. Due to low domestic demand, Japan has entered a recession, and factors like the Ukraine-Russia war and the Israel-Gaza conflict worsen the situation for Japan. Consequently, history is
Repeating itself today, and Japan, with a nominal GDP of $4.23 trillion, loses its third position among the largest economies. The country replacing it is Germany, with an economy of $4.43 trillion.
Japan is no longer the third-largest economy in the world. Another country has overtaken Japan today. In 2010, Japan was the second-largest economy globally after the USA. However, with double-digit economic growth for more than a decade, China surpassed Japan in 2010, becoming the second-largest economy after the USA and pushing Japan to the third position. Due to low domestic demand, Japan has entered a recession, and factors like the Ukraine-Russia and the Israel-Gaza conflict worsen the situation for Japan. Consequently, history is repeating itself today, and Japan, with a nominal GDP of $4.23 trillion, loses its third position among the largest economies. The country replacing it is Germany, with an economy of $4.43 trillion.
@HT-Videos @WION
#india #shortvideo #geopolitics #history #breakingnews #currentissue #indoaffairs