The UK and Japan in recession.

Burnsy

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  • U.K.'s gross domestic product shrank by 1.4% in the fourth quarter of the year following a 0.3% decline in the quarter before.
  • Japan also had two consecutive quarters of GDP contraction—3.3% in the third quarter and 0.4% in the fourth.
  • Two quarters of GDP decline are the technical definition of a recession and the two economies stand in contrast the the U.S., which grew 3.3% in the fourth quarter.
 
Think I knew about the UK, didn't know Japan also fell into one.
 
Hopefully, the recession in the UK and Japan does not last for many years.
 
The Earth is connected. Unless one lives in a remote jungle away from civilization, everybody will be affected at some point.
It's sad!
 
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