IMF predicts Japan's GDP to fall to fourth in world as yen depreciates?
Hawk_Finance
2023-10-26 18:04:23
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According to media reports, the latest report of the International Monetary Fund (IMF) predicts that Japan's nominal gross domestic product (GDP) in dollar terms will be overtaken by Germany in 2023, slipping from third in the world to fourth in the world.。At the same time, the IMF expects India to become the world's fourth largest economy by 2026 and Japan to fall to fifth in the world between 2026 and 2028.。The economic outlook released by the IMF shows that Japan's nominal GDP in 2023 is about 4.$23 trillion, down 0% from 2022.2%。Germany's nominal GDP to grow by 8 in 2023.4%, about 4.$43 trillion。In terms of GDP per capita, Germany will also be higher than Japan。German GDP per capita is expected to be 5.280,000 U.S. dollars, while Japan's per capita GDP is about 3.$400,000。Japanese experts say the depreciation of the yen is a major reason why Japan's nominal GDP has been surpassed by Germany this year.。
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