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Germany overtakes Japan as third-biggest economy
The change in positions primarily reflects the sharp fall in the yen against the dollar, rather than the German economy -- which contracted 0.3 percent in 2023 -- outperforming Japan, economists said.
People commuting to work in the morning walk down a street in Tokyo on February 15, 2024. (Photo by Kazuhiro NOGI / AFP)
By: NewVision Reporter, Journalists @NewVision
TOKYO, JAPAN - Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed on Thursday, although India is