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Japan Losses The Crown Of World’s Third-largest Economy
Germany now has the third-largest economy in the world, surpassing Japan, as the Asian superpower unexpectedly entered a recession. Japan, which was once the second-biggest economy in the world, announced two quarters of contraction on Thursday: the third quarter’s revised contraction of 3.3% was followed by the fourth quarter’s contraction of 0.4% on an annualized…