Great Britain
The British economy has contracted for the first time since 2012, experts say. In the second quarter of 2019, the country's GDP lost a quarter of a per cent. The UK economy has been weighed down by persistent fears and bleak prospects of the country’s withdrawal from the European Union. Analysts believe that the most likely scenario for the UK to leave the EU is a no-deal Brexit, after which the country is expected to plunge into a recession.
Italy
According to experts, Italy’s economy is facing a significant slowdown nowadays. It is adversely affected by such factors as low labour productivity, high youth unemployment, an enormous amount of public debt, and political instability.
Germany
Leading experts reckon that the German economy is completing the so-called “golden decade”. Analytical data shows that the fourth largest economy in the world experienced a decline in GDP during the three spring months. European analysts are sure that the German economy is about to tip into a recession. It is highly dependent on exports. There has recently been a decrease in automobile sales, which causes alarm among most automakers.
Mexico
According to experts, the level of investment in Mexico has sharply decreased, while the services sector has been under pressure. The country has so far succeeded in avoiding a recession, which implies the GDP contraction for two quarters in a row. Analysts do not expect GDP growth by the end of the year. Nevertheless, experts do not rule out more headwinds in the Mexican economy.
Brazil
One of the largest economies in Latin America is going through difficult times. The Brazilian economy is affected by such factors as low industrial output and high rates of unemployment. Analysts warn that in the second quarter of 2019, the country moved closer to a recession.
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