Nigeria now in worse recession in over three decades – Chief Statistician

72

 

Nigeria has officially slipped into a recession after the country’s gross domestic product contramcted for the second consecutive quarter, just three years after emerging from the economic rubbles of 2017.

According to the Statistician General of the federation, Dr. Yemi Kake “Q3 2020 Real GDP contracted for second consecutive quarter by -3.62%.”

Kale announced on Twitter, Saturday.

Q3 2020 GDP report published @ https://t.co/KG0BFIpfLz

Q3 2020 Real GDP contracted for second consecutive quarter by -3.62% (-6.10% in Q2 2020 & 2.28% in Q3 2019).

Cumulative GDP for the first 9 months of 2020 therefore stood at -2.48%. pic.twitter.com/d9f1iGLjUe

— Dr Yemi Kale (@sgyemikale) November 21, 2020

New Diplomat

Kindly support the growth of journalism in Nigeria

Reactions to stories published can be sent to us at [email protected]


Leave a Reply

Your email address will not be published. Required fields are marked *