> On Feb 18, 2024, at 10:56 AM, John A Imani <[email protected]> wrote:
>
> Thursday's data means Britain joins Japan among the Group of Seven advanced
> economies in a recession, although it is likely to be short-lived and shallow
> by historical standards. Canada has yet to report GDP data for the fourth
> quarter.
No speculation as to the reasons why. It's no surprise to me that Britain is
in recession owing to Brexit and the economics maxim that a country's most
important trading partner are their closest neighbors. Japan surprises me, but
I haven't looked yet for explanations as to why these two countries facing very
different circumstances have stalled GDP growth.
Mark
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