After Nigeria’s first contraction for 25 years, in which gross domestic product shrank 1.6 per cent last year in a country used to 6 or 7 per cent annual growth
First the good news. After Nigeria’s first contraction for 25 years, in which gross domestic product shrank 1.6 per cent last year in a country used to 6 or 7 per cent annual growth, the economy is out of recession. Following five negative quarters, GDP expanded in the three months to June by 0.55
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FT, David Pilling
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