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Nigerian Government And The Recession - Politics - Nairaland

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Nigerian Government And The Recession by Ayima: 11:22pm On Aug 13, 2016
NIGERIA AND THE RECESSION.
In economics, a recession is a negative growth for two consecutive quarters.For a layman's understanding, a recession is a period of general economic slow down.I don't know if you are feeling the recession or not but,
HERE ARE THE EFFECTS OF A RECCESSION:
1 decrease in sales of good and services.
2 Increase in unemployment.
3 high inflation rate( inflation is the persistence increase in price of good and services)
4 Budget deficit in government spending.
5 Increase in crime rate.
6 strained family relationship (when you call your parents or uncle for money and they say no money you start to vex)
HERE ARE HOW TO COPE WITH RECESSION:
1 Unemployed people should accept a low paying job as a short term solution.
2 Get a part-time job, business or small scale farming.
3 Change of plans.
4 Make changes in your financial spending (No need to be drinking 12 bottles of beer only you this time, reduce to 2 or 3.)
5 lifestyle changes
6 Keep a positive attitude, it helps you overcome tough times.
Re: Nigerian Government And The Recession by Flexherbal(m): 11:29pm On Aug 13, 2016
Ok

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