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Nairaland Forum / Nairaland / General / Politics / Here Are List Of 40 Countries Experiencing A Recession In 2020 (574 Views)
Clem Agba: We Are Heading For Second Recession In Four Years / Nigeria Faces Worst Recession In 40 Years – World Bank / Nigeria Heading Into Worst Recession In 30 Years –IMF (2) (3) (4)
Here Are List Of 40 Countries Experiencing A Recession In 2020 by ExAngel007(f): 7:02am On Nov 22, 2020 |
If the world were to play a game, and the convener of the game says “raise up your hand if your country has been in a recession in 2020,” more than half of the hands in the world will be up. The other half with their hands down will be led by China — a country with nearly 20 percent of the world’s population. Of the top 10 most populous countries, only Bangladesh and China are likely to avoid a recession in 2020. The Bill and Melinda Gates Foundation captured it well when it said in its 2020 Goalkeepers report that “the COVID-19 financial loss is twice as great as the ‘Great Recession’ of 2008. The last time these many countries were in recession at once was in 1870, literally two lifetimes ago”. When this report was released in September, 2020, Nigeria was yet to officially enter into a recession, but the signs were there, and very clear that the rest of the world already projected one. On Saturday, the National Bureau of Statistics (NBS) officially announced the GDP numbers. The question then is what countries have slid into recessions in 2020, and what countries are strong — or protected — enough to stave off a recession. According to S&P, of the 34 economies in the world with a GDP of more than $200 billion, only three of them did not report a recession — China, Chile, and Sweden. Chile and Sweden were on the brink of recession, but China has been growing — despite the pandemic. Chile has a history of staving off recessions; it was one of the countries that beat the 2008 global economic crisis, expanding by over 3 percent. But the country’s central bank has said it will go into a recession in 2020. Many other countries are said to be experiencing a recession — but cannot have not yet called one because the data has not been completely collated. TheCable brings you a list of countries in recession: 1. United States 2. Japan 3. United Kingdom 4. India 5. Brazil 6. Russia 7. South Africa 8. Austria 9. Germany 10. Switzerland 11. Belgium 12. Canada 13. Denmark 14. Estonia 15. Finland 16. Hungary 17. Ireland 18. Italy 19. Latvia 20. Lithuania 21. Mexico 22. Netherlands 23. Norway 24. Romania 25. Spain 26. Nigeria 27. Peru 28. Turkey 29. Israel 30. Poland 31. Czech Republic 32. Thailand 33. Singapore 34. Malaysia 35. South Korea 36. Australia 37. Portugal 38. France 39. Indonesia 40. Hong Kong https://thecable.ng/us-uk-canada-south-africa-here-are-40-countries-experiencing-a-recession-in-2020 |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by Hyperchi(m): 7:19am On Nov 22, 2020 |
is this to justify what we are facing, has all this country increase the citizens taxes. 2 Likes |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by muykem: 7:19am On Nov 22, 2020 |
It's well. Temporary set back, we will get there. 1 Like |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by Standing5(m): 7:23am On Nov 22, 2020 |
If you cannot beat them join them I guess. |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by Nobody: 7:25am On Nov 22, 2020 |
Bro. Nigeria should not be there what is happening to Nigeria is mismanagement of resource, do you know how much Nigeria generate from POS alone, in every One thousand naira, CBN get 2.5 naira , do you know how many millions of transaction in a minute, Just POS we are not talking of transfer, deposits from your bank. Bro Nigeria is not in any reccession. |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by junketer(m): 7:37am On Nov 22, 2020 |
They always look for countries experiencing bad things like nigeria to justify their failures. But op, you forgot that there are countries not experiencing recession, what of that list? Also all these countries you wrote up there have a lot of things in common except nigeria. For example, all these countries have 24 hour electricity, good roads, top notch health and education systems, etc. So apart from the recession you mentioned what else does nigeria have in common with those countries? 3 Likes |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by NOC1(m): 7:37am On Nov 22, 2020 |
Hyperchi: Biden is planning to increase it by 35% |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by inoki247: 7:39am On Nov 22, 2020 |
Let me see list of 40 Developed country abg... Since u guys like comparing things... |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by Ozinlex: 7:40am On Nov 22, 2020 |
Nonsense Australia is not in recession...100% fact! |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by IamPlato(m): 7:40am On Nov 22, 2020 |
Nigeria is suppose to be topping that list because even with recession all those countries are way better than Nigeria's economy |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by Nobody: 7:42am On Nov 22, 2020 |
The last Now when was the last time Nigeria was in reccession?... 2016 |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by SpeedyHitman: 7:45am On Nov 22, 2020 |
That's old news to niggas like us! Where's Jordan? |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by internationalman(m): 7:55am On Nov 22, 2020 |
Messi with ankle injury is still far better than a fully fit Origi.. |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by OfoIgbo: 8:19am On Nov 22, 2020 |
The current Nigerian recession is the worst for about 35 years. Basically they are saying the Nigerian recession is as bad as the last time, Buhari was the president. What an awful record. The two most disastrous recessions in Nigeria occurred during the incompetent presidency of Buhari |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by Hyperchi(m): 8:19am On Nov 22, 2020 |
NOC1:he is planning but have not. here vat, oil, light, import, transport etc. has all increase. |
Re: Here Are List Of 40 Countries Experiencing A Recession In 2020 by slimfit1(m): 11:54am On Nov 22, 2020 |
We are supposed to take advantage of them in recession doing economic catch up. Because they are on recession don't mean we have to be on recession too. Bubu shorting down a country instead of growing it. |
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