BREAKING: Nigeria officially enters recession as GDP contracts by 3.62% in Q3’ 2020

By Babajide Komolafe National Bureau of Statistics (NBS) said that the nation’s economy has formally entered into recession as the Gross Domestic Product (GDP) contracted for the second consecutive quarter by 3.62 percent in the third quarter of 2020. Economic recession is defined as two consecutive quarters of negative Gross Domestic Product (GDP) growth. Negative Read More The post BREAKING: Nigeria officially enters recession as GDP contracts by 3.62% in Q3’ 2020 appeared first on Vanguard News.
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