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Another Economic Recession May Be Imminent, Says FSDH by dre11(m): 12:41pm On Sep 11, 2018
By Sunday Michael Ogwu,



The Nigerian economy will require more deliberate policy measures and engagements than the current responses in order to avert another recession, experts at the First Securities Discount House Limited (FSDH) have warned.

In an interview with journalists last weekend, the Head of Research, Ayodele Akinwunmi, noted that the real Gross Domestic Product (GDP) growth rate of 1.50% recorded in Q2 2018 was below the expectations of most analysts.

Akinwunmi said: “The current low GDP growth rate is not strong enough to stimulate credit creation. It has also increased the risk of doing business in Nigeria. Therefore, urgent measures are required so that low GDP growth rate does not become a new norm in Nigeria.”

Agriculture, which is the largest sector of the Nigerian economy at 22.86%, recorded a marginal growth of only 1.19%.

FSDH Research notes that the slow growth in the agriculture sector, if not checked, may lead to food shortage in the country and consequently escalating food prices and rising inflation rate.

Trade, which is the second largest sector of the Nigerian economy, contracted by 2.14% and also entered a recession in Q2 2018.
“The weak purchasing power in the country is responsible for the contraction in the Trade sector.

Improvement in the business environment that can lead to job creation and payment of salaries of workers, particularly among the state civil servants, will stimulate purchasing power,” he said.

FSDH Research observes strong growth in the information and communication and construction sectors of the economy.

The shortfall in crude oil production is weighing down on the external reserves from the full benefits of the favourable crude oil prices in the international market.



https://www.dailytrust.com.ng/another-recession-may-be-eminent-says-fsdh.html


lalasticlala

4 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by Hopebringer: 12:43pm On Sep 11, 2018
I beg your pardon?

Do they know that Nigeria will not survive another recession?

47 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by dre11(m): 12:43pm On Sep 11, 2018
Pls let this "Buhari curse" pass us by




we can't afford another recession after the experience of the first one under this government.

45 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by CROWNWEALTH019(m): 12:45pm On Sep 11, 2018
grin He was handed over a robust economy that was the biggest in Africa but he wants to hand over recession to PDP. Useless President

93 Likes 5 Shares

Re: Another Economic Recession May Be Imminent, Says FSDH by mekaw(m): 12:49pm On Sep 11, 2018
we are still in recession and U are wishing Us more may the gods visit U and ur company with recession

13 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by Ehiscotch(m): 12:56pm On Sep 11, 2018
Nigerians should rally round and stop depending on government for us to move forward.

It's no news that unless we increase our productivity as a nation in a larger proportion than our population we would keep experiencing countless recession regardless of the people in power.

It is just sad that we play politics with everything in Nigeria.

17 Likes 2 Shares

Re: Another Economic Recession May Be Imminent, Says FSDH by Bitterleafsoup: 12:59pm On Sep 11, 2018
If only we can vote in a leader and not all these sleezy so called rulers.

1 Like

Re: Another Economic Recession May Be Imminent, Says FSDH by Luckylife(m): 1:02pm On Sep 11, 2018
Most Nigerians bear the calamities following this incompetent group of failures . It high time wise Nigeria reject APC clowns and lies for betterment of this country.

28 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by Bitterleafsoup: 1:02pm On Sep 11, 2018
Ehiscotch:
Nigerians should rally round and stop depending on government for us to move forward.

It's no news that unless we increase our productivity as a nation in a larger proportion than our population we would keep experiencing countless recession regardless of the people in power.

It is just sad that we play politics with everything in Nigeria.

Nigerians have never, waited for government to do anything. Every good thing in Nigeria is because of what the people did. Do you know not 1 finny was given to Igbos to build the east after being bombed to smithereens?

67 Likes 4 Shares

Re: Another Economic Recession May Be Imminent, Says FSDH by SolutionMee: 1:04pm On Sep 11, 2018
cheesy Nigerians are used to it. They'll still cope.

1 Like

Re: Another Economic Recession May Be Imminent, Says FSDH by miqos03: 1:09pm On Sep 11, 2018
So kay now but



Check my signature
Re: Another Economic Recession May Be Imminent, Says FSDH by Nobody: 1:09pm On Sep 11, 2018
grin
Re: Another Economic Recession May Be Imminent, Says FSDH by bloomstar: 1:09pm On Sep 11, 2018
are we going to die in this country? check out my signature by the way

1 Like

Re: Another Economic Recession May Be Imminent, Says FSDH by Nobody: 1:10pm On Sep 11, 2018
Buhari should go now.

7 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by JacksonOyibo: 1:10pm On Sep 11, 2018
smiley
Re: Another Economic Recession May Be Imminent, Says FSDH by dejojadefa: 1:10pm On Sep 11, 2018
abeg, lets at least finish this one first nah. Haba!!
una wan kill us??

4 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by Iyawofarmer: 1:10pm On Sep 11, 2018
Hmmm
Re: Another Economic Recession May Be Imminent, Says FSDH by yunawabagu: 1:10pm On Sep 11, 2018
na wa oh recession
Re: Another Economic Recession May Be Imminent, Says FSDH by Legolast: 1:11pm On Sep 11, 2018
Àwọn werey

They no dey talk good things about 9ja
Re: Another Economic Recession May Be Imminent, Says FSDH by gsparks01(m): 1:12pm On Sep 11, 2018
Eminent?
Re: Another Economic Recession May Be Imminent, Says FSDH by sureteeboy(m): 1:12pm On Sep 11, 2018
Another Have we ever stepped out of this one in the first instance?

5 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by FarahAideed: 1:12pm On Sep 11, 2018
Vote out Buhari now I repeat

3 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by AceRoyal: 1:12pm On Sep 11, 2018
On paper the recession is over but in reality the recession is still on going!

If PMB and this APC led government can act like this when they have something at stake I.e second term, just imagine what will happen when they have absolutely nothing to lose?

No good quality sustainable economic policies, infrastructural development or even social development.

Nigeria is so indebted right now(and this government is still hell bent on borrowing), with no visible/tangible development to show for it.
Poor social amenities and unfavorable economic policies that kills off the middle class.

Until we vote in a leader and not a ruler, we'll keep on retrogressing as a nation.

Until we vote in someone who doesn't see himself as just the president of Nigeria but a Nigerian president(who can really identify with the needs and wants of his people), this country will never have good progress and sustainable development!

If PMB could not manage and improve his cow business before he became our president, I don't see how he's ever going to manage and improve our economy or develop our nation.

With the so much debt accrued, I weep for our generations yet unborn.
This present crop of power drunk/hungry leaders have nothing to offer except to fund their personal ambitions, lavish lifestyles and impoverish the masses so they'll always be demi gods to them.

Nigeria has too many educated youths without common sense and wisdom.

I love my country but I'm ashamed of our leaders!

10 Likes 2 Shares

Re: Another Economic Recession May Be Imminent, Says FSDH by Metuh: 1:13pm On Sep 11, 2018
Bulgari is a cursed disaster

4 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by veekid(m): 1:14pm On Sep 11, 2018
We don commot for the one wey we deh?

2 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by Therealev: 1:14pm On Sep 11, 2018
And yet they keep borrowing. By my calculations, Debts + Recession = Penury. It will be a very long road to recovery.

3 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by ba7man(m): 1:14pm On Sep 11, 2018
CROWNWEALTH019:
grin He was handed over a robust economy that was the biggest in Africa but he wants to hand over recession to PDP. Useless President
Seems you weren't alive when the nation almost grinded to a halt prior to GEJ handing over.

Oil was selling at approximately $65 per barrel then.

You guys experience selective brain wipe a lot.

1 Like

Re: Another Economic Recession May Be Imminent, Says FSDH by SarcasticGenius(m): 1:15pm On Sep 11, 2018
Everytime dem wan mark attendance for BMC members when tory like dis dey nack, dem go just absent demsef from class.

Butterflyleo, Liondeleo, Sarrki, Ngeneukwenu, Madridguy (or is Madridgay?) AbdulJabbar4, Omenkalives, Sirjamo, vedaxcool where una dey now?



2 Likes

Re: Another Economic Recession May Be Imminent, Says FSDH by Dinho20(m): 1:15pm On Sep 11, 2018
THIS IS THE ONLY MAN THAT CAN RESCUE NIGERIA,

THERE IS STILL HOPE

NIGERIA WILL BE GREAT AGAIN.

7 Likes 2 Shares

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