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Wednesday, 19 April 2017

Nigeria is Out of Recession- World Economics

After almost a year of negative growth that resulted in the collapse of businesses, the Nigerian economy is looking up, signalling an end of the recession, the World Economics, said yesterday.

However, the body cautioned that “conditions remain difficult for businesses,”
World Economics is a London-based organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the global economy.
It said: “April  Sales Managers’ Index (SMI) data suggests that the Nigerian economy is continuing to grow out of the recession which saw 10 months of consecutive contraction in 2016.”

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