Apr 17, 2023
By: Sourabh JainHere are the major economies with the least probability of recession in 2023, according to Bloomberg.
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India has a zero probability of recession in 2023, making it the only such country on the list. The International Monetary Fund has predicted that India will be the fastest-growing economy in 2023.
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Indonesia is second on the Bloomberg list with a 2 percent probability of recession in 2023.
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Saudi Arabia, which recently announced a cut in oil production, has a 5 percent probability of recession in 2023.
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China, which is expected to be the second fastest-growing economy in 2023, has a 12.5 percent probability of recession in 2023.
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Brazil has a 15 percent probability of recession in 2023, according to the Bloomberg report.
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Here are the top 5 countries that have the highest probability of recession in 2023, according to Bloomberg.
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At 75 percent, the United Kingdom has the highest probability of recession in 2023. According to IMF’s estimates, the UK is the only other G7 country besides Germany that is expected to face recession in 2023.
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New Zealand has a 70 percent probability of recession in 2023. The country’s economy shrank by 0.6 percent in Q4 2022.
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The United States of America has a 65 percent probability of recession in 2023 amid the banking crisis in the country, as per the Bloomberg report.
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Germany has a 60 percent probability of recession in 2023. According to a report by the country’s economy ministry, Germany will narrowly escape recession and post modest growth in the first quarter of the year.
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Italy also has a 60 percent probability of recession in 2023, as per the report.
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