Nigeria Heading Into Worst Recession In 30 Years –IMF | Sahara Reporters

The International Monetary Fund on Tuesday said that Nigeria could be heading for its worst recession in three decades.

According to the IMF, Nigeria’s economy will drop by 3.4 per cent in 2020 as a result of the COVID-19 pandemic. The international organisation made the projection in its April 2020 World Economic Outlook report released on Tuesday in Washington, United States. IMF Chief Economist and Director of Research Department, Gita Gopinath, said, “For the first time since the Great Depression, both the advanced economies and emerging and developing economies are in a recession.

“For 2020, growth in advanced economies is projected at -6 per cent. Emerging markets and developing economies which typically have normal growth levels well above advanced economies are also projected to have negative growth of -1 per cent and -2.2 per cent if you exclude China.”

IMFNews Now all economists need to come out from their rat hole and think cause we are thinkers.. That's who we are. We need the brightest minds to think of a way out.

IMFNews

IMFNews What do you expect from agent of globalization. Your predictions shall not prevail. God bless Nigeria.

IMFNews Not only Nigeria...is going to be a global recession... the expert have to talk on this... pandemic,depression (it goes with allegations & discrimination),recession then 1 of this most take place, either recovery or set of war's...may God see us through.

IMFNews All countries will be in recession even america

IMFNews IMFNews the downturn is an unavoidable phenomenon in the country, But looking at the structure of Nigerian economy, it would not be affected as predicted, becouse their prediction is based on their self interest trying pull nigeria in to the fear of the unknown

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