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Economic Turmoil in Japan: A Country Under The Shadow of Recession
In the last quarter of 2023, Japan’s economy contracted by 0.4% annually, following a 3.3% contraction in the third quarter. This technically signifies that Japan has entered a recession. Consecutive contractions have led Japan, the world’s third-largest economy, to fall to fourth place, overtaking Germany. Contrary to market expectations of a 1.4% expansion in the…
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Turkey and The UK Redefining Economic Relations: Innovative Free Trade Agreement on The Horizon!
Trade Minister Ömer Bolat, in a statement on social media, said, “As a result of constructive cooperation between Turkey and the United Kingdom, our trade volume reached $19 billion in 2023. Our goal is to continue this positive trend and increase our trade volume by accelerating our efforts. To achieve this, we have taken a…
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Japan’s Demographic Crisis: An Aging Population!
According to government data released in Japan, the country’s population fell to 124,352,000 as of October 2023. This figure marks the fastest rate of decline recorded so far. Japan has faced an aging population for the last 13 years. The record-breaking decrease in 2023 is dragging the country into a demographic crisis. Despite government efforts…