Posted 10/24/2023, 5:30:00 AM
Germany to Overtake Japan as World's 3rd Largest Economy in 2023 Amid Yen Weakness: IMF
- Germany's economy projected to surpass Japan's as world's 3rd largest in 2023, aided by weak yen
- IMF estimates Germany's GDP at $4.43 trillion vs $4.23 trillion for Japan
- Yen weakness largely due to BOJ stimulus vs Fed, ECB rate hikes to curb inflation
- Figures show higher long-term growth potential in Germany vs sluggish Japan
- IMF data shows GDP per capita much higher in Germany at $52,824 vs $33,950 in Japan
