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Your daily horoscope: February 19, 2026

  IF TODAY IS YOUR BIRTHDAY The more outrageous your plans may be the more inspired you will be to see them through to completion, but not everyone will be joining you in aiming so high. That’s okay, you don’t need outside support. You don’t need anything but your own self-belief. ARIES (March 21 - April 20): Everyone has both successes and failures but not everyone reacts to them the same way. As a fire sign you know that if you get knocked down the best thing is to get back up again and carry on the fight. You may have to do that today. TAURUS (April 21 - May 21): You may regret some of the things you have recently said and done but don’t make a big issue of it. Every day is a new beginning and what you get right today will more than make up for what you got wrong yesterday and before. GEMINI (May 22 - June 21): It’s not like you to be so ambitious but with the sun and Mercury moving through the career area of your chart you know this is the right time to push ahead with your lon...
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Japan Sinks into Recession and Loses Its Position in the Global Economy

 

In a significant economic shift, Japan has slipped from its position as the world’s third-largest economy, falling behind Germany. The latest government data reveals that Japan’s economy contracted in the last quarter of 2023, leading to this change in ranking.

For over a decade, Japan held the second spot, but it ceded that position to China. Now, it faces another setback as Germany surpasses it. Here are the key points:

  1. Economic Contraction: Japan’s real GDP shrank by 0.1% in the final quarter of 2023, primarily due to weak spending by households and businesses. Private consumption, which accounts for more than half of economic activity, fell by 0.2% as households grappled with rising living costs and stagnant wages.

  2. Yen’s Impact: The sharp decline of the Japanese yen against the US dollar over the past two years played a crucial role. A weaker yen affects export profits when earnings are repatriated. Germany, too, faces similar challenges, despite being Europe’s largest economy.

  3. Structural Reforms Needed: Japan’s labor crunch is worse than Germany’s, and addressing the low birthrate remains a challenge. The government emphasizes structural reforms, including promoting full-time work for women and easing barriers to foreign investment.

  4. Technical Recession: With two consecutive quarters of contraction, Japan officially enters a technical recession. The country must navigate economic headwinds while welcoming a record number of foreign workers.

While the loss of its global ranking is a blow, Japan remains resilient. As it grapples with demographic shifts and economic complexities, policymakers strive to steer the nation toward sustainable growth.


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