Economic rundown – Japan in recession
Economic rundown – Japan in recession | Insurance Business Asia
Insurance News
Economic rundown – Japan in recession
The UK suffers same fate
Insurance News
By
Terry Gangcuangco
The UK and Japan found themselves slipping into recession at the end of 2023.
Australia – country’s unemployment rate the highest in two years
Germany – manufacturing output trending downward since 2017
Japan – unexpected recession blamed on “anemic” domestic demand
UK – entered into mild recession in second half of 2023, with full-year growth at 0.1%
US – prices of food, car insurance, etc. went up
Elsewhere, the European Union is expected to grow slower than initially forecast, while another currently devaluation is expected in Egypt amid an economic crisis.
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