Japan, UK Slip Into Recession–What About the US?

Published on February 16, 2024

Japan and the United Kingdom have joined the growing list of economies slipping into a recession, and now economists are debating if the United States could soon become the next victim of economic forces. Tokyo recorded back-to-back quarters of GDP contraction. In the third quarter, the Japanese economy fell 0.8 percent and then slid 0.1 percent in the fourth quarter. The development also knocked Japan off its pedestal as the world’s third-largest economy, with Germany now taking that spot. The UK is also entrenched in a technical recession. The gross domestic product dropped 0.1 percent in the July-to-September span and declined 0.3 percent in the final three months of 2023....

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