[HIGHLIGHTS] Germany climbs to third place among the largest economies – overtaking Japan

Germany climbs to third place among the largest economies – overtaking Japan. As of: February 15, 2024, 12:26 p.m By: Lars-Eric Nievelstein CommentsPressSplit For a long time, Japan was the third largest economy after the USA and China.

Now the country is losing its place – to Germany. Tokyo cited weak domestic demand and the sharp fall in the value of the yen as the reasons for this. In addition to declining private consumption, which is putting pressure on trade, Japan's exports fell for the first time in two years.