Germany, world’s fourth largest economy entered recession after GDP fell for second successive quarter. Bloomberg report published in April 2023 had predicted a 60% probability of this country in Central Europe entering recession.
Lets take a look at which are the seven countries in the world with a higher probability of going through recession in 2023, as per the Bloomberg report.
(Photo by Christopher Furlong/Getty Images)
United Kingdom
At 75%, UK had the highest probability of entering recession in 2023
New Zealand
The island country in the southwestern Pacific Ocean was 2nd on the list with 70% probability of entering recession in 2023
United States of America
Home to the world’s largest economy, US was 3rd on the list with 65% probability of entering recession in 2023
The flag of United States Of America. (Photo by Nik Shuliahin on Unsplash)
Germany
Bloomberg report had predicted a 60% probability of Germany entering recession in 2023.
Italy
A country in Southern and Western Europe was 5th on the list with 60% probability of entering recession in 2023
Photographer: Alessia Pierdomenico/Bloomberg
Canada
Bloomberg report had predicted a 60% probability of the north American country entering recession in 2023.
(Photographer: Brent Lewin)
France
The Western European country was 7th on the list with 50% probability of entering recession in 2023
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