Recession

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 the projection at the end of its two-day Monetary Policy…

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 were being put in place to reduce its impact to the barest…

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 this year. This may not be unconnected with the economic…

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. Gross domestic product contracted by a record 19.8 per cent…

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 fiscal policy already has some limitations. The…

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 by the Australian Bureau of Statistics (ABS) on Wednesday…

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 20.4% compared with the first three months of the year,…