Recession: Japan loses its spot as 3rd largest economy to Germany

9Lej Gain
0
Japan's economy slips into recession due to anemic domestic demand, prompting central bank watchers to push back bets on when the nation's negative interest rate policy will end. GDP contracts for a second quarter, households and businesses cut spending, and Germany now has the world's third-largest economy. Cabinet Office reports a 0.4% contraction in GDP, economists had predicted 1.1% growth.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eioZ5hj
Tags

Post a Comment

0Comments

Post a Comment (0)

#buttons=(Accept !) #days=(20)

Our website uses cookies to enhance your experience. Check Now
Accept !