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Tag: shrinks

Japan’s economy shrinks for the first time in 3 quarters

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Read more on Japan: https://sc.mp/0caj Japan’s economy contracted by 2.1 per cent during the third quarter of 2023, following an expansion in the previous two quarters. Analysts fear the country might slip into a recession. The contraction was sparked by a combination of high inflation, slowing exports and low pay rises that led to weak domestic…

China’s manufacturing sector shrinks in August – BBC News

China’s manufacturing sector has shrunk for the fifth consecutive month, an official survey showed. The country’s manufacturing purchasing managers’ index rose slightly to 49.7, but still sits below 50, which signals a contraction. Despite a turbulent few months, China’s leader Xi Jinping defended the “strong resilience, tremendous potential and great vitality” of the economy. It is a very different picture in India, where the economy…

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