Japan Slips Into Technical Recession in Q423, Slowdown Expected In 2024
Country Risk / Japan / Mon 19 Feb, 2024
Key View
- In Q423, Japan fell into technical recession for the first time in five years, according to preliminary estimates. Real GDP shrunk by 0.1% q-o-q in Q423, and by 0.8% in Q3.
- Japan’s technical recession aligns with our view of increasing challenges for the Japanese economy. We forecast that real GDP growth will ease to 0.9% in 2024