Economic recession is a challenging phase for any nation, impacting livelihoods, businesses, and overall prosperity. Several factors contribute to a country slipping into recession, including economic policies, global market trends, and internal socio-political dynamics. Here, we’ll explore four countries currently experiencing economic recession, shedding light on the causes and potential implications. United KingdomThe United Kingdom has entered a technical recession with two consecutive quarters of negative economic growth. The recession poses political challenges for Prime Minister Rishi Sunak ahead of the anticipated 2024 national election.

Source: Nigerian Tribune February 27, 2024 13:24 UTC