The new threats to a challenged economy

AFTER five quarters of economic contraction (Q1 2016- Q1 2017), Nigeria exited recession. With a positive 0.72 per cent GDP growth in Q2 2017, economic recovery has been slow and grinding, reaching 1.9 per cent in Q1 2018 and declining to 1.5 per cent in Q2 2018. Consequent on this, the economic wellbeing of many Nigerians has been unsatisfactory. Indeed for many, there is actually no evidence that the recession was over.

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