Wednesday, 29 Mar 2023

Named countries with the greatest problems in economic recovery

Of all the major economies in the G20, it is Brazil, India and South Africa that will face the biggest challenges in recovering from the coronavirus pandemic. According to CNBC, these States account for up to 10 percent of global GDP, and a fifth of the world’s population lives there. The International monetary Fund (IMF) forecasts that the three countries ‘ economies will shrink by at least 7 percent this year.

According to analysts at Verisk Maplecroft, Brazil, India and South Africa are at a higher risk of corruption and potential civil unrest than many of their g-20 counterparts. At the same time, Russia, Mexico and Indonesia, according to analysts, belong to the category of “extreme risk” or close to it.

The situation in Latin America and the Caribbean is not good either. According to forecasts by Goldman Sachs, some regions may experience a record decline in GDP since the Second world war. Among the most affected are Mexico, Peru, Chile and Colombia.