Several economies worldwide are presently grappling with recessionary pressures. Let's take a look at the countries which are in recession
Danish GDP contracted 0.3% in Q3 in 2023, marking a second consecutive quarterly decline, as per Statistics Denmark's latest report
Bank of Estonia forecasts prolonged recession due to weak export markets and loss of competitiveness in Estonia's economy
Finland is the another country in recession, with GDP contracted 0.5% in 2023
Japan unexpectedly slipped into a recession at the end of 2023, losing its title as the world's third-biggest economy to Germany
The European Commission in Nov 2023 had confirmed that Luxembourg has entered in a recession, projecting a GDP contraction of 0.6%.
Moldova faces a slow recovery, with its GDP reaching the pre-COVID-19 level only in 2022
Peru's economy contracted by 0.74% in December, falling short of analysts' expectations, dashing hopes of exiting a technical recession
Irish economy stays in technical recession as Q4 2023 GDP shrunk by 0.7% compared to the previous quarter, per Central Statistics Office data
U.K's GDP contracted by 0.3% in Q4 of 2023. This followed a 0.1% contraction in the previous quarter