Do all the sentences convey the same meaning? And, are all of them grammatical?

1. The likelihood of a recession looming in our country is low.

2. The likelihood of our country sinking into a recession is low.

3. The probability of a recession (to hit or hitting) our country is low.

4. It's unlikely that a recession looms in our country.

5. It's unlikely that our country sinks into a recession.

Thank you


5. It's unlikely that our country will sink into a recession.

"Likelihood / likely" and "looming/loom" do not go well together.