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The global fashion business journal

Sep 27, 20206:44pm

Emerging economies under alert: Argentina, Ukraine and Turkey in risk amidst crisis

Amongst a possible economic recession, trade war and Brexit, Switzerland, Australia and New Zealand are that will see less the consequences.

Dec 5, 2019 — 8:57am
C. J.
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Emerging economies under alert: Argentina, Ukraine and Turkey in risk amidst crisis

 

 

Uncertainty puts emerging economies in pause. Amongst a possible economic recession, trade war, Brexit, not all countries are affected in the same way. Argentina, Ukraine and Turkey stand as the markets most affected by uncertainty. On the other side are Switzerland, Australia and New Zealand, stated Euromonitor.

 

Argentina, Ukraine and Turkey are the highest risk countries because their economies are undergoing or have recently gone through serious economic recessions. This makes them more vulnerable both domestically and externally.

 

Some other countries that are also on alert, according to Euromonitor, are emerging and developing economies such as Mexico, Vietnam, Russia, Thailand, Brazil or Indonesia. The crisis risk of emerging countries is largely related to domestic problems.

 

 

 

 

On the other side, alert situation in developed countries is caused by its exposure to global risks. According to the agency, South Korea is a market with a high risk due to the escalation of political tensions between the United States and North Korea.

 

However, there are emerging markets that barely present a risk of crisis. This is the case of Peru, which has a relatively stable economy, as well as South Africa, which despite the forecasts of deceleration of its Gross Domestic Product (GDP) in 2019, is the most developed economy in the continent.

 

On the other hand, in addition to Switzerland, Australia and New Zealand, the other markets that have less risk of suffering a crisis are the main European economies, such as France and Germany, as well as Western countries such as the United States or Canada.

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