What is a "Worst Economies In The World"? The Most Authoritative Explanation.

What is a "Worst Economies In The World"? The Most Authoritative Explanation.

Which country has the worst economy in the world?

This is significant because the U.S. and Japan comprise over 20% of the world’s GDP. Let us look at the worst economies and briefly review each country’s situation. Russia has the dubious distinction of having the world’s worst economy. The biggest cause is the precipitous drop in the price of crude oil.

What happens when an economy weakens?

When an economy weakens, suffering tends to increase. That suffering is greatest in the world’s worst economies and some of the reasons for the slowdown. Economic expansion or contraction is measured by GDP or Gross Domestic Product. When an economy is growing, jobs are more plentiful and people’s standard of living tends to improve.

Are poor countries facing economic instability?

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China.

Why is the UK's economy so weak?

The United Kingdom has fared the worst of any of its big global peers, with its economy shrinking by more than a fifth between April and June. Ben May, director of global macro research at Oxford Economics, attributes this weakness in part to statistical factors, including how the government accounts for inflation.

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