Market Views: After UK and Japan, where will recession strike next?

Japan and the UK recently reported their second consecutive negative quarters of gross domestic product, fitting the widely agreed-upon definition of a recession. Japan’s economic contraction is connected to its shrinking population. In 2022, the nation’s population declined by 800,000, marking the 14th consecutive year of contraction. With still fewer people making and consuming less, this development limits the country’s ability for economic growth. In the UK, the economy is s…