Japan and the United Kingdom are entering a recession is the global economy at risk?

Japan and the United Kingdom are entering a recession; is the global economy at risk?

Japan's economy contracted for two consecutive quarters, with an annualised 3.3% GDP fall in July-September and 0.4% in October-December.

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Group of Seven Advanced Economies Fall into Recession

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The World Economic Forum's Global Risks Report 2024 identified economic downturn as a top-five risk in 102 countries.

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The WEF defines an economic downturn as near-zero or slow global growth lasting for several years or a global contraction.

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The slowdown in global growth is already occurring, but under different economic parameters, heightening uncertainty.

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