Hello everyone, welcome to Zhang Zhenduo Lecture Hall. As we all know, China's development in recent years has been by leaps and bounds, and China's total GDP will reach 126 trillion yuan in 2023, ranking second in the world.
Japan is the world's third-largest economy, and Japan was originally the world's second-largest economy, but in 2011, China's GDP surpassed Japan's to become the world's second-largest economy. At present, many institutions have shown that the Japanese economy may fall out of the top three in 2023 and be overtaken by Germany.
There are two reasons for this, one is the sharp depreciation of the yen against the dollar. One dollar is equivalent to 147 yen. In the past, one dollar was 100 yen, and the depreciation of the yen was one of the reasons why Japan's GDP surpassed that of Germany. This is also the cause of inflation in the United States, which leads to the depreciation of the currency.
Another important reason is the high inflation rate in Germany. As a result, Germany's GDP has been pushed up, and as prices rise, so will the final calculated GDP figures. This leaves Germany's GDP growth expected to reach 8.4％。In fact, Germany and the United States are also so-called "false prosperity". Their GDP grows by raising prices. Such GDP is imaginary.
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