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Japan’s GDP of $4.2 trillion in 2023 was below Germany’s GDP of $4.5 trillion, according to economic data released by the Japanese government on Thursday.
In the fourth quarter of last year, Japan’s GDP shrank by 0.1 percent. The Asian country’s economy was especially affected by the decline in its national currency, the yen.
Germany’s rise to become the world’s third largest economy is largely symbolic. After all, Germany is struggling with economic problems. Last year the German economy shrank by 0.3 percent. Only slight growth of well below one percent is expected this year.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
