recession Archives — City Business News

April 7, 2021 No Responses

IMF Forecasts Stronger Recovery For World Economy

The International Monetary Fund is now forecasting a stronger economic recovery this year and next. The IMF has upgraded both its UK and global forecasts compared with what it projected in January. But the British economy is still predicted to...

September 2, 2020 No Responses

Australia Records First Recession In 30 Years

Australia’s economy has plunged into its first recession in nearly 30 years, as it suffers the economic fallout from the coronavirus. Gross domestic product (GDP) shrunk 7% in the April-to-June quarter compared to the previous three months. T...

May 18, 2020 No Responses

Japan Falls Into Recession

Japan has fallen into recession as the financial toll of the coronavirus continues to escalate. The world’s third biggest economy shrank 3.4% in the first three months of 2020 compared to a year ago, its biggest slump since 2015. The...

April 1, 2020 No Responses

Stock Markets Record Worst Quarter In 33 Years

Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus. The Dow Jones Industrial Average and London’s FTSE 100 saw their biggest quarterly drops since 1987,...

March 10, 2020 No Responses

Anxiety As Global Recession Looms

A global recession is now almost inevitable this year, the Chief Executive Officer of one of the world’s largest independent financial advisory and services organizations, Nigel Green, has said The warning from Nigel Green, chief executive and founder of deV...

July 10, 2017 No Responses

CBN targets single digit inflation

Nigeria “will get back” to single digit inflation, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has declared. In an interview with Arise Television, Emefiele explained that with the improvement seen in growth from the negative 1.7...

June 19, 2017 No Responses

FG distributes 200 rice mills to farmers, begins training of 3000 Agro Rangers

Minister of Agriculture and Rural Development, Chief Audu Ogbeh has approved the distribution of 200 rice mills to farmers across the country. Speaking during an interactive session with a team of social media influencers in Abuja at the weekend,...

April 19, 2017 No Responses

World Economics: Nigeria out of recession

The Nigerian economy is looking up, signalling an end of the recession, the World Economics declared on Tuesday. However, the London based organisation cautioned that “conditions remain difficult for businesses.” According to the body,“April Sales Manage...