Productive sector needs FG’s support to avert recession – OPS
As Coronavirus disease (COVID-19) continue to jolt economies across the world, Nigeria is equally battling to find the right balance between revenue drive and rising poverty
Nigeria may go into severe recession — World Bank
The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s.
Recession: CBN unveils plans for non-interest loan in ABP, others
...Targets N432 billion for 2020 wet season To avert another round of recession in the country, the Central Bank of Nigeria (CBN), has unveiled plans for a framework for the integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF). The Bank also plans…
‘Increased investment in local refining will mitigate economic failure’
For the government to mitigate economic failure in Nigeria, there is need for more investment in local refining as a way out of the looming recession
Virus pushes Germany into recession
German output shrank by 2.2 percent in the first quarter of 2020, official data showed Friday, as the coronavirus pandemic tipped Europe's top economy into a recession.
France in recession as virus-hit economy shrinks 5.8 percent
The French economy officially fell into recession after contracting 5.8 percent in the first quarter, the national statistics office said Thursday, underscoring the massive toll of the country's nationwide shutdown to curb the coronavirus outbreak.
Germany faces 'worst recession' in post-war history
German output will suffer a record slump this year over the coronavirus crisis, the government warned Wednesday, pushing Europe's top economy into a painful recession.
IMF, again, warns of recession in Nigeria
As the COVID-19 pandemic continues to inflict high and rising human costs worldwide, the International Monetary Fund (IMF) has projected a contraction in the global economy by -3 per cent this year.
Pandemic set to plunge sub-African Africa into recession : IMF
Sub-Saharan African economies are projected to contract by 1.6 percent in 2020 due to blanket lockdowns, curfews and closures imposed by governments to brake the coronavirus juggernaut, the International Monetary Fund (IMF) said Tuesday.
China, India to narrowly avoid recession in virus-hit 2020: IMF
Some of Asia's biggest economies are likely to narrowly avoid recession this year and are poised to bounce back strongly in 2021 if the coronavirus is contained, the IMF forecast Tuesday, with China leading the recovery.
France heading for worst recession since WWII: minister
France is likely to see its deepest recession since the end of World War II this year because of the coronavirus crisis, Finance Minister Bruno Le Maire warned Monday.