6 Countries With Economic Growth or Debt Problems in 2024

In this article, we will look at 6 countries with economic growth or debt problems in 2024. If you want to read our discussion about the global economy, visit 15 Countries With Economic Growth or Debt Problems in 2024. 

6 – Japan

Debt To GDP – 251.9

Real GDP Growth Rate – 1.0

Japan faces high inflation while wage growth has remained insufficient to drive domestic demand. This has resulted in a sluggish GDP growth rate in the country as its economy has been constantly going through phases of contraction and slow recovery in the recent past. In addition, the country’s economy relies heavily on exports, making it susceptible to fluctuations in global demand. Further, to address economic downturns, the Japanese government has implemented substantial fiscal stimulus packages, increasing public debt.