Teaching Comparative Government and Politics

Wednesday, September 06, 2017

Quick, it's progress

Nigeria's economy has been in the doldrums for over a year. A tiny bit of growth, especially in the face of declining oil prices, is something to trumpet.

And what does economic growth have to do with government and politics?

Nigerian Economy 'Out of Recession' - Statistics Bureau
The Nigerian economy is out of recession, the National Bureau of Statistics announced Tuesday.

According to the NBS, in the second quarter of 2017, the nation's Gross Domestic Product (GDP) grew by 0.55% (year-on-year) in real terms, indicating the emergence of the economy from recession after five consecutive quarters of contraction since Q1 2016…

An economy is said to be in recession after contracting for two consecutive quarters.

The Nigerian economy slipped into recession in early 2016.

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