World Economics, a well known organisation based in London, has declared that Nigeria’s economy is out of recession.

The organisation that is dedicated to producing financial analysis of the world economy on Tuesday stated through series of tweet that “Nigeria economy is now out of recession and growing strongly in April.”

It stated that “The rate of price inflation remains substantial but continues to moderate in April. The organisation equally opines that “Monthly sales continue to pick up sharply in April.”

http://www.vanguardngr.com/2017/04/nigerian-economy-now-recession/

- Nigeria has finally moved out of recession according to reports

- This is according London-based organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy

- Nigeria’s National Bureau of Statistics (NBS) also corroborated this in its recent report

President Muhammadu Buhari-led federal government has finally moved Nigerian economy out of recession according April Sales Managers’ Index (SMI) data by World Economics.

According to the report, the economy has seen a steady growth in the past few months.

The London-based organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy declared on Tuesday despite negative growth that oversaw the death of many business that the country's economy is out of recession, but “conditions remain difficult for businesses.”

https://www.naij.com/1100097-good-news-president-buhari-finally-moves-nigeria-recession-economy-grows-str.html

Cc: lalasticlala
Pushkin
Dominique

The country is still in recession and won't be out until second quarter. The inflation report is higher than we expected, therefore, has created daunting picture of the economic outlook --especially retail level.