Just In: List of World Oil Rich Countries Facing Recession now

It appears that our dear country Nigeria isn’t the only country facing economy recession see  The list of nations on the recession list and those on the brink of recession.

Kindly note that other nations on the list have structures and reserves for the rainy days with the exception of Venezuela in terms of savings. Also IMF predicted that Venezuela would suffer and it is suffering greatly now, and that Nigeria’s case would be worse.Countries In Recession Right Now:1. Nigeria 2. Canada 3. Ecuador 4. Venezuela 5. Algeria 6. Brazil 7. Iraq 8. Russia 9. Libya 10. Azerbaijan 11. Kazakhstan Countries on Brink of Recession:1. Mexico 2. Angola 3. Saudi Arabia 4. Qatar 5. UAE 6. China  Countries with no Recession:1. USA 2. Iran 3. Kuwait.

Data Source:Worldatlas, Bloomberg, IMFas of June/July 2016.

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