US Economy Outperforms as UK and Japan Enter Recession

While the US continues to see growth, Japan and the UK face economic downturns, with the latter experiencing its longest sustained fall in living standards.

• Japan and the United Kingdom have entered a recession, marking a second consecutive quarter of economic decline.
• The US economy has shown resilience, continuing to grow for a sixth straight quarter despite high interest rates and inflation.
• US consumer spending remains strong, supported by government stimulus and pay raises, contributing significantly to the economy's strength.
• In the UK, discussions of austerity measures and tax cuts emerge as the economy contracts and living standards drop.
• Economic challenges persist globally, with inflation and high borrowing costs posing risks to sustained growth.

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