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Germany Overtakes Japan as World’s Third-Largest Economy, Japan Slips into Recession

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Germany becomes the world's third-largest economy, overtaking Japan as it slips into recession. The decline in the value of the Yen plays a significant role in Japan's economic decline. Challenges lie ahead for both countries as export-dependent economies, but Japan's struggle with a shortage of workers sets it apart. India is projected to surpass both nations in the coming years. Prime Minister Kishida implements a stimulus package to revive Japan's economy.

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