Nigeria Slides Into Worst Recession Since 1987 - AMEBO NEWSPAPERS NG.

.com/img/a/

"Feeding the world with authentic news from the source....."

Saturday, 21 November 2020

demo-image

Nigeria Slides Into Worst Recession Since 1987

IMG_ORG_1605971423609



The Nigerian economy has slipped into its second recession in five years after the gross domestic product contracted the second consecutive quarter.

The National Bureau of Statistics on Saturday, November 21, announced that the nation recorded a contraction of 3.62 per cent in the third quarter of 2020.

The country had earlier recorded a 6.10 per cent contraction in the second quarter.

It is the nation’s second recession since 2016, and the worst economic decline in almost four decades.

No comments:

Post a Comment

Share

Pages