the The technical recession has reached both Japan and the United Kingdom In the second half of 2023. Both countries delivered two consecutive quarters with the fall in gross domestic product Weak macroeconomic indicators.
In the case of the Japanese state, The economy declined 0.4 percent annually from October to December One dimension Decrease 3.3 percent In the previous quarter. With this collapse, Japan loses its title as the third most important economic power in the world Reverse Germany.
Some analysts warn Another contraction in the current quarter due to weak demand in Chinahe Slow consumption And the Production has stopped at the Toyota unit.
Yes good Many analysts still expect the Bank of Japan to phase out its massive monetary stimulus This year, weak data may cast doubt on his forecast Higher wages will support consumption It will sustainably keep inflation around its 2% target.
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“two Two consecutive declines in GDP and three consecutive declines in domestic demand “It's bad news, even if the revisions may change the final numbers at the margin,” said Stefan Angerek, chief economist at Moody's Analytics.
On the other side, The British economy's GDP contracted by 0.3 percent Official data showed that the gross domestic product in the three months to December, after contracting 0.1 percent between July and September.
this Technical stagnation occurs in a difficult context before Planned elections This year from Prime Minister Rishi Sunak who promised Drive growth.
the Investors increased their bets on the Bank of England cutting interest rates This year, companies asked for more government aid in a budget plan scheduled on March 6.
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Thursday's data means so Britain joins Japan among the Group of Seven developed countries suffering from recessionAlthough it is likely to be short-lived and superficial by historical standards. Canada has yet to announce fourth-quarter GDP data.
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