The news of New Zealand falling into a recession has sent shockwaves through the global market. The pandemic has taken a toll on many countries’ economies, and New Zealand is no exception. With this recent development, it begs the question: which other countries are at risk of slipping into a recession? Here are the top 5 countries that are most likely to face a recession in the near future.

1. United Kingdom: With the uncertainty of Brexit still looming over the country, coupled with the economic impacts of the pandemic, the UK is in a delicate position. Many experts fear that the UK’s economy could take a hit and fall into a recession if certain measures are not put into place.

2. South Africa: The South African economy has been struggling for several years, and the pandemic has only exacerbated the situation. With high unemployment rates, political instability, and weak economic growth, South Africa is at high risk of entering a recession.

3. Argentina: Argentina has been grappling with economic challenges for years, with high inflation and a currency crisis. The pandemic has further strained their economy, making them a strong candidate for a recession.

4. Turkey: Turkey’s economy has been facing challenges due to high inflation, a weakening currency, and political instability. The pandemic has worsened the situation, making it likely for Turkey to fall into a recession.

5. Brazil: The Brazilian economy has been struggling with slow growth and high levels of debt. The pandemic has caused a sharp economic contraction, putting Brazil at risk of entering a recession.

It is crucial for these countries to take proactive measures to prevent a recession and stabilize their economies. Implementing policies to support businesses, create jobs, and boost consumer spending will be essential in mitigating the impact of the pandemic and preventing a recession.

In conclusion, the news of New Zealand falling into a recession serves as a stark reminder of the fragility of global economies in the wake of the pandemic. It is imperative for these countries, as well as others around the world, to take the necessary steps to protect their economies and prevent the looming threat of recession.

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