Japan’s Economy Takes a Hit: Q4 GDP Contraction Plunges Country into Recession
Japan’s 4Q23 GDP Growth Falls Short of Expectations Overview The recent data on Japan’s Gross Domestic Product (GDP) for the fourth quarter of 2023 has shocked economists, as the country experienced a decline of 0.4% on a quarter-on-quarter basis, contrary to the expected growth rate of +1.4%. This unexpected downturn in economic performance has shed…