Economy News South Africa

Subscribe

Elections 2024

Angela Sobey , Western Cape, Equal Rights and more

Angela Sobey , Western Cape, Equal Rights and more

sona.co.za

Advertise your job ad
    Search jobs

    Japan slides into recession

    Japan has been caught off guard by a recession, as its economy witnessed two consecutive quarters of contraction.
    Source:
    Source: Pexels

    The latest data reveals a more significant decline than anticipated, with the gross domestic product (GDP) shrinking by 0.4% in the final quarter of 2023 compared to the previous year.

    This follows a substantial 3.3% contraction in the preceding quarter.

    Additionally, statistics from Japan's Cabinet Office highlight a shift in global economic rankings, as Japan surrenders its position as the world's third-largest economy to Germany.

    Let's do Biz