CBN: Nigeria to exit recession by end of 2020
The Central Bank of Nigeria (CBN) has issued a projection that Nigeria will exit its current and worst recession in 33 years by the end of this year.
The apex bank made…
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Browsing Tag
Recession
Finance minister: ‘Recession will not last beyond first quarter of 2021’
The Federal Government on Monday declared that the current COVID-19-induced recession will not last beyond the first quarter of the 2021, assuring that strategic measures…
Nigeria slides into second recession in five years
For the second time in five years, Nigeria has entered into recession as official figures published on Saturday show that the economy shrank again in the third quarter of…
UK economy shrinks 19.8% in Q2 over COVID-19 pandemic
Britain’s economy shrank by almost a fifth in the second quarter, entering recession because of the nationwide coronavirus lockdown, revised official data showed on Wednesday.…
Recession: CBN moves to pursue expansion policies
In a bid to curb the rising inflation and address recession in the economy, the Central Bank of Nigeria (CBN) says it would pursue expansionary monetary policies since the…
Just in: Recession hits Australia for first time in almost 30 years
Australia has officially fallen into its first recession in 29 years with the biggest fall in Gross Domestic Product (GDP) on record.
According to national accounts data published…
UK officially in recession, first time in 11 years
The UK economy has suffered its biggest slump on record between April and June 2020 as COVID-19 lockdown measures pushed the country officially into recession.
The economy shrank…