Why did Japan experience recession in early 2024? Japan, once the world's second-largest economy, has slipped into recession and lost its spot as the third-largest economy to Germany. According to the latest data, Japan's economy shrank by 0.1% in the fourth quarter of 2023, following a 0.8% contraction in the previous quarter. This means that Japan has experienced two consecutive quarters of negative growth, which is the common definition of a technical recession.
Why did japan experience recession in early 2024
Why did japan experience recession in early…
Why did japan experience recession in early 2024
Why did Japan experience recession in early 2024? Japan, once the world's second-largest economy, has slipped into recession and lost its spot as the third-largest economy to Germany. According to the latest data, Japan's economy shrank by 0.1% in the fourth quarter of 2023, following a 0.8% contraction in the previous quarter. This means that Japan has experienced two consecutive quarters of negative growth, which is the common definition of a technical recession.