294 Views
Top countries economy is rapidly declining and Shrinking and recession, economic crisis, economic growth, GDP, Russia collapsing
top 10 countries economy, recession, economic crisis, economic growth, gdp, Russia collapsing, Egypt economy, Canada Economy, Saudi Arabia Economy, Norway 7 Kuwait economy, Oman economy, UAE economy, South Africa Economy, Columbia and Latin countries economy, BRICS, G20 and G7 countries, top fasted growing economy of UAE, Maldives, China, Turkey, Japan, the US, UK, and Germany, russian economy, Here are the reasons and the list of top 10 countries economies Shrinking in 2023 or 2024.
![](https://www.rkmtimes.com/wp-content/uploads/Top-countries-economy-is-rapidly-declining-and-Shrinking-and-recession-economic-crisis-economic-growth-GDP-Russia-collapsing.png)
In the global economic crisis in 2023 during the Ukraine-Russia war and some conflicts on borders, politics, and dominance of the United States Dollar. Most countries are facing the biggest collapse in their economy, coup, political, investment, and export or import rapidly falling from top to bottom. All the friendship countries of Russia like India, China, Belarus, Kazakhstan, Syria, Iraq, Germany, the US, South Korea, and Japan. now feel the happy journey with Russia’s Oils, Petroleum Gas, Coal Briquettes, and Gold to buy in cheap prices and also export to their neighborhood countries.
Russian & EU economies are together losing because of the War in Europe and tensions between the Border and Seas.
The Russian economy is the world’s fastest declining forex reserves, ruble crisis, exports, and ending the ties with all the countries who were friends and now they are enemies of Russia before the war with Ukraine-Russia and NATO. Russian Oils and Coal or Gold import India to become the largest buyer of Oil in Asia to become a reseller to top countries. Russia’s economy has lost over $152 Billion in the last 3 years.
Here are the reasons and the list of top 10 countries economies Shrinking in 2023 or 2024.
Russia: -$152 Billion (Russia-Ukraine War)
Egypt: -$88 Billion (Food Criss during Russia-Ukraine War )
Canada: -$50 Billion (wildfires adversely and Financial Losses)
Saudi Arabia: -$46 Billion (Crude Oil supply is running out & EVs)
Bangladesh: -$46 Billion (Highest Taxes, People moving Money out from Country)
Norway: -$25 Billion (fossil fuel, Weaker Developments and Russia NATO war)
Kuwait: -$19 Billion (Decline in Global Investments, drawdown of foreign assets and OPEC)
Oman: -$9.77 Billion (Low Oil Prices, No Tourism, Pandemic Crisis)
Colombia: -$9.25 Billion (economic loss, Low Tourism, Investors & Richest going outside the country )
South Africa: -$6.56 Billion (volatile Commodities, weak growth performance & BRICS)
Top countries to diversify and liberalize the economy of each country with Ideas, business, geography, defense, and politics.
Top countries are diversifying their economy to attract the global investors and businesses, and developing economic growth in countries with modern rules like UAE, Maldives, China, Turkey, Japan, the US, UK, and Germany to open new resources to manage the economy with new technologies, infrastructures, investments, and all the new facility to increase the global demand with BRICS and some more relations with G20 and G7 countries. Turkey is the most powerful country in the EU & NATO to develop new technology with NATO to attract global dominance in their route of new economy vision 2030.
![](https://www.rkmtimes.com/wp-content/uploads/France-Olympic-earnings-reach-50B-Worst-Paris-Olympic-2024-World-Boycotting-Paris-Olympic-300x179.webp)
France Olympic earnings reach $50B, Worst Paris Olympic 2024, World Boycotting Paris Olympic
![](https://www.rkmtimes.com/wp-content/uploads/Australia-May-Access-NATO-if-Russia-Joins-China-against-Australia-In-Timor-Sea-China-NATO-news-300x173.webp)
Australia May Access NATO if Russia Joins China against Australia In Timor Sea : China NATO news
![](https://www.rkmtimes.com/wp-content/uploads/Kamala-and-Trump-may-suspend-Defense-Aid-to-Israel-Ceasefire-Gaza-Iran-Vs-Israel-Tension-Israel-Gaza-War-300x179.webp)
Kamala and Trump may suspend Defense Aid to Israel, Ceasefire Gaza, Iran Vs Israel Tension : Israel Gaza War
![](https://www.rkmtimes.com/wp-content/uploads/Starlink-Roam-and-SpaceX-investing-in-Huawei-xAi-and-Tesla-Starlink-News-300x177.webp)
Starlink Roam and SpaceX investing in Huawei, xAi, and Tesla : Starlink News
![](https://www.rkmtimes.com/wp-content/uploads/Trump-May-Investigate-COVID-19-Scam-Assassination-Attempt-and-911-Attack-US-Election-2024-300x174.webp)
Trump May Investigate COVID-19 Scam, Assassination Attempt, and 911 Attack : US Election 2024
![](https://www.rkmtimes.com/wp-content/uploads/Japan-to-Provide-100M-Aid-West-Bank-Amid-Sanctions-on-Israeli-Settlers-Japan-Palestine-300x181.webp)
Japan to Provide $100M Aid West Bank Amid Sanctions on Israeli Settlers: Japan Palestine
![](https://www.rkmtimes.com/wp-content/uploads/Kamala-Harris-to-Become-47th-US-President-amid-out-of-2024-presidential-Race-US-Election-2024-300x176.webp)
Kamala Harris to Become 47th US President amid out of 2024 presidential Race : US Election 2024
![](https://www.rkmtimes.com/wp-content/uploads/Houthi-May-Seize-Red-Sea-Yemeni-Forces-May-Attack-Israeli-Ports-or-Gaza-Yemen-War-300x175.webp)
Houthi May Seize Red Sea, Yemeni Forces May Attack Israeli Ports or Gaza : Yemen War
![](https://www.rkmtimes.com/wp-content/uploads/Adidas-May-Face-Huge-Losses-amid-Palestine-Stance-of-Germany-Adidas-Stock-Israel-Adidas-News-300x180.webp)
Adidas May Face Huge Losses amid Palestine Stance of Germany, Adidas Stock : Israel Adidas News
![](https://www.rkmtimes.com/wp-content/uploads/Saudi-Arabia-investing-in-Lockheed-Martin-US-Saudi-Arabia-Largest-arms-exporters-Vision-2030-300x175.webp)
Saudi Arabia investing in Lockheed Martin, US Saudi Arabia Largest arms exporters : Vision 2030
![](https://www.rkmtimes.com/wp-content/uploads/France-Olympic-earnings-reach-50B-Worst-Paris-Olympic-2024-World-Boycotting-Paris-Olympic-300x179.webp)
France Olympic earnings reach $50B, Worst Paris Olympic 2024, World Boycotting Paris Olympic
![](https://www.rkmtimes.com/wp-content/uploads/Adidas-May-Face-Huge-Losses-amid-Palestine-Stance-of-Germany-Adidas-Stock-Israel-Adidas-News-300x180.webp)
Adidas May Face Huge Losses amid Palestine Stance of Germany, Adidas Stock : Israel Adidas News
![](https://www.rkmtimes.com/wp-content/uploads/Saudi-Arabia-investing-in-Lockheed-Martin-US-Saudi-Arabia-Largest-arms-exporters-Vision-2030-300x175.webp)
Saudi Arabia investing in Lockheed Martin, US Saudi Arabia Largest arms exporters : Vision 2030
![](https://www.rkmtimes.com/wp-content/uploads/Most-Expensive-Weeding-Cost-of-Anant-Ambani-Reliance-IPOs-Recharges-Stock-Market-Crash-Ambani-Family-300x181.png)
Most Expensive Weeding Cost of Anant Ambani, Reliance IPOs, Recharges, Stock Market Crash : Ambani Family
![](https://www.rkmtimes.com/wp-content/uploads/Saudi-Riyal-huge-adoption-risen-in-World-Currency-exchange-Saudi-Arabia-GDP-Forex-News-300x175.png)
Saudi Riyal huge adoption risen in World, Currency exchange, Saudi Arabia GDP : Forex News
![](https://www.rkmtimes.com/wp-content/uploads/Saudi-Arabia-to-Sell-50B-Worth-European-Union-Stocks-Biggest-Stock-Market-Crash-NATO-News-300x176.png)
Saudi Arabia to Sell $50B Worth European Union Stocks, Biggest Stock Market Crash : NATO News
![](https://www.rkmtimes.com/wp-content/uploads/Macau-the-most-expensive-city-in-Asia-foreign-Investment-Macau-Millionaires-in-Macau-Macau-Tourism-300x173.png)
Macau the most expensive city in Asia, foreign Investment Macau, Millionaires in Macau: Macau Tourism
![](https://www.rkmtimes.com/wp-content/uploads/Palestine-Exports-Risen-Why-Israel-Stealing-Gaza-Crude-Oil-Israel-Hamas-War-300x176.png)
Palestine Exports Risen, Why Israel Stealing Gaza Crude Oil? : Israel Hamas War
![](https://www.rkmtimes.com/wp-content/uploads/Nations-to-join-BRICS-to-Improve-Economy-Defence-and-Currency-in-2025-BRICS-News-300x175.png)
Nations to join BRICS to Improve Economy, Defence and Currency in 2025: BRICS News
![](https://www.rkmtimes.com/wp-content/uploads/Indian-Students-going-to-study-abroad-NEET-result-2024-NEET-exam-Medical-Schools-NEET-2024-300x176.png)
Indian Students going to study abroad, NEET result 2024, NEET exam, Medical Schools : NEET 2024
![](https://www.rkmtimes.com/wp-content/uploads/Earn-1000-Per-Month-using-Facebook-bonus-program-or-Upload-your-photos-Facebook-Monetization-300x176.png)
Earn $1000 Per Month using Facebook bonus program or Upload your photos : Facebook Monetization
![](https://www.rkmtimes.com/wp-content/uploads/Earn-100-per-day-on-X-Write-Articles-Increase-Posts-Impression-Bitcoin-News-Twitter-Monetization-300x177.png)
Earn $100 per day on X, Write Articles, Increase Posts Impression, Bitcoin News: Twitter Monetization
![](https://www.rkmtimes.com/wp-content/uploads/Alex-Fasulo-may-earn-100M-by-2025-at-home-by-Freelancing-and-Blogging-Blogging-2025-300x175.png)
Alex Fasulo may earn $100M by 2025 at home by Freelancing and Blogging : Blogging 2025
![](https://www.rkmtimes.com/wp-content/uploads/How-are-websites-articles-and-video-platforms-earning-passive-income-at-home-300x182.png)
Earn 10X revenues on Ezoic & Ad Manager than AdSense, Media.net and Taboola in 2025
![](https://www.rkmtimes.com/wp-content/uploads/Reverse-image-search-earn-massive-on-Google-Search-New-Website-Ranking-Google-Lens-Website-Traffic-300x175.png)
Reverse image search earn massive on Google Search, New Website Ranking, Google Lens : Website Traffic
![](https://www.rkmtimes.com/wp-content/uploads/Why-Google-deindexing-your-website-News-Blogs-AI-Content-Google-Search-Engine-and-Manual-Actions-300x170.png)
Why Google deindexing your website, News Blogs, AI Content, Google Search Engine and Manual Actions
![](https://www.rkmtimes.com/wp-content/uploads/Google-AdSense-accepts-Bitcoin-USDT-and-Crypto-Payments-for-International-AdSense-News-300x168.png)
Google AdSense accepts Bitcoin, USDT and Crypto Payments for International : AdSense News
![](https://www.rkmtimes.com/wp-content/uploads/Elon-Musk-planning-to-make-Xmail-Xsense-and-X-search-Engine-in-2024-Google-Vs-Twitter-300x169.png)
Elon Musk planning to make Xmail, Xsense and X search Engine in 2024 : Google Vs Twitter
![](https://www.rkmtimes.com/wp-content/uploads/HTML-and-CSS-Developer-earns-200-USD-per-Hours-at-home-Freelance-Jobs-300x160.png)
HTML and CSS Developer earns $200 USD per Hours at home : Freelance Jobs
![](https://www.rkmtimes.com/wp-content/uploads/Why-Google-not-Indexing-Rank-and-SEO-your-website-posts-and-article-in-2024-300x165.png)