Nigeria's Economy Exits Recession - EazyFeeds

Trending News / Gist at Your Finger Tips

Latest News

Post Top Ad

Your Ad Spot

Thursday, 18 February 2021

Nigeria's Economy Exits Recession

 Nigeria's economy has exited its recession state after the economy grew by 0.11 percent in the fourth quarter of 2020.


The National Bureau of Statistics made the disclosure in a report released on Thursday, February 18.


The development comes after two consecutive quarters of negative growth which resulted in a recession.

''Q4 2020 Real GDP grew (after previous two consecutive contractions) by 0.11 percent (-6.10 percent in Q2 2020; -3.62 percent in Q3 2020; & 2.55 percent in Q4 2019) Cumulative GDP for the whole of 2020 stood at -1.92 percent (2.27 percent in 2019).” the NBS report states

No comments:

Post a Comment

Feel Free To Leave A Comment

Post Top Ad

Your Ad Spot