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Germany overtakes Japan as third-biggest economy

IndiaTimes Thursday, 15 February 2024
Japan slipped to fourth place below Germany in terms of GDP. The fall in the yen and Germany's contracting economy contributed to the change. Japan's population decline, low birth rates, and worker shortages affect its economy. Falling behind Germany is a blow to Japan's self-esteem. The International Monetary Fund projects India to overtake both Japan and Germany in the future.
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News video: Japan's Economy Slips, Loses Third Spot in World Rankings Amid Recession| Oneindia News

Japan's Economy Slips, Loses Third Spot in World Rankings Amid Recession| Oneindia News 03:02

Japan falls to the fourth-largest economy, yielding to Germany, as it plunges into recession due to a weak yen and ageing population. Structural reforms are urged by Yoshitaka Shindo to spur growth. Japan's economic woes signal the need for urgent action to address demographic challenges and regain...

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