Which countries are at risk of recession due to the outbreak?

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Japan, Australia, and Hong Kong Face Recessionary Risks Due to Outbreak

S&P Global ratings has warned that Japan, Australia, and Hong Kong are at risk of experiencing recessionary conditions as a consequence of the ongoing coronavirus outbreak. The economic impact is projected to significantly reduce growth across the Asia Pacific region.
Japan, Australia, and Hong Kong Could "Flirt with Recession"

The ratings agency specifically identified Japan, Australia, and Hong Kong as economies that could "flirt with recession" due to the global spread of the coronavirus. This assessment is based on the projected supply and demand shocks impacting these nations.
Asia Pacific Growth Forecast Downgraded Significantly

Overall, S&P Global ratings expects the Asia Pacific region to grow by 4.0 per cent this year, a substantial downgrade from its previous estimate of 4.8 per cent in December. This figure represents the region's worst economic performance since the contraction experienced in 2008 following the global financial crisis.
Double Impact of Supply and Demand Shocks

Economies in the region are experiencing a dual challenge: reduced demand as consumers avoid public spaces due to health fears, and disrupted supply chains stemming from industry shutdowns. This combination of factors is leading to the significant economic downturn.

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Which countries are at risk of recession due to the outbreak?

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