The countries that are in recession right now :
Germany
Netherlands
Italy
France
Spain
Greece
Czech Republic
Hungary
Bulgaria
Poland
Russia
➼ A recession is typically defined as two consecutive quarters of negative economic growth. However, the World Bank has lowered its global growth forecast for 2023 to 2.9%, down from 3.6% in 2022.
➼ Note : In some countries, a recession may be defined as three consecutive quarters of negative economic growth.
@FactPoint
Germany
Netherlands
Italy
France
Spain
Greece
Czech Republic
Hungary
Bulgaria
Poland
Russia
➼ A recession is typically defined as two consecutive quarters of negative economic growth. However, the World Bank has lowered its global growth forecast for 2023 to 2.9%, down from 3.6% in 2022.
➼ Note : In some countries, a recession may be defined as three consecutive quarters of negative economic growth.
@FactPoint