Examining the Forces Behind Recessions in UK, Japan

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Examining the Forces Behind Recessions in UK, Japan

February 20, 2024

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The US economy displayed resilience in 2023 amid rising interest rates. But other major economies including Japan and the UK entered a technical recession, while the German central bank has forecast that Europe's largest economy will likely share the same fate in the first quarter.

Ritush Dalmia, European economist for PGIM Fixed Income, explores the macro headwinds at play, the uneven impact of energy shocks across the globe, and why the gap between the US and other advanced economies should be less pronounced in 2024.

UK Recession: Bump or Slide?

Is the UK recession already over, or is worse in store? We asked our experts for their perspectives.

Learn more

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