Greece: Greece has faced significant economic challenges, including a debt crisis, austerity measures, and high unemployment rates, leading to periods of recession.
Italy: Italy has faced economic struggles, including high public debt, low GDP growth, and challenges related to its banking sector. These factors have contributed to periods of economic recession.
Brazil: While Brazil has experienced economic growth, it has also faced periods of recession due to factors such as political instability, high public debt, and structural issues within its economy.
Turkey: Turkey has faced economic challenges, including high inflation, currency depreciation, and geopolitical uncertainties, leading to concerns about its economic stability.
South Africa: South Africa has experienced economic slowdown due to various factors, including high unemployment rates, low GDP growth, and structural issues such as energy constraints and policy uncertainty.
Argentina: Argentina has faced recurring economic challenges, including high inflation, currency devaluation, and debt crises, leading to periods of recession.
Venezuela: Venezuela has been grappling with a severe economic crisis characterized by hyperinflation, a decline in oil production (a major revenue source), and political instability.
8 Economies that are facing recession | 8 Economies that are facing recession