info@ceoworld.biz
Thursday, March 28, 2024
CEOWORLD magazine - Latest - Executive Insider - These Five Countries Are At Risk Of Recession

Executive Insider

These Five Countries Are At Risk Of Recession

Citing geopolitical tensions and trade standoffs, the International Monetary Fund downgraded its World Economic Outlook for 2019 to 3% (down from 3.2%), and to 3.4% from 3.5% for 2020. These five economies (China, Hong Kong, Germany, Italy, and the United Kingdom) are at risk of recession. It won’t take much to push them over the edge.

These five countries are at risk of recession

  1. China
    Why: The US-China trade war has continued to take its toll on the Chinese economy, with the International Monetary Fund forecasting 5.8% growth for China in 2020 – down from 6.9% in 2015, 6.7% in 2016, 6.8% in 2017, 6.6% in 2018, and 6.1% in 2019.

  2. Hong Kong
    Why: Following almost 5 months of anti-government protests, the Asian financial hub has fallen into recession and is unlikely to achieve any growth this year.

    Hong Kong

  3. The United Kingdom
    Why: With its ongoing uncertainty over leaving the EU (and still no end in sight), has watched its economy recently shrink for the first time since 2012, and a no-deal Brexit could well slide it into a recession.

    London, UK

  4. Italy
    Why: While the Italian economy fell into a recession in the final 3 months of 2018, it managed to dig itself out earlier this year. But, with mounting debt, high unemployment, weak productivity, and political turmoil, the country has been dubbed Europe’s “economic rot”.

  5. Germany
    Why: The Deutsche Bundesbank warned the country’s economy may have shrunk for its 2nd consecutive 3-month period, which would mean the eurozone’s biggest economy has entered its first recession in 6 years. The German economy declined 0.1%t in the three months to June — meaning it’s officially in recession.


Have you read?

# Best CEOs In The World 2019: Most Influential Chief Executives.
# World’s Best Countries To Invest In Or Do Business For 2019.
# Countries With The Best Quality of Life, 2019.
# Most Startup Friendly Countries In The World.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - Executive Insider - These Five Countries Are At Risk Of Recession
Ryan Miller
Ryan Miller is CEOWORLD magazine's executive editor of news, writing analysis, and long-form reporting. In his role, he coordinates and tracks the publication of special packages, magazine stories, and the publication’s signature lists. He's a somewhat long-suffering supporter of Manchester United F.C. and a genuinely long-suffering fan of the Los Angeles Clippers.