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.
 
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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