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Nigeria Not The Only Country That Experienced Recession. - Business - Nairaland

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Nigeria Not The Only Country That Experienced Recession. by Merbon: 9:33pm On Feb 16, 2019
Thinking about the recent economic recession Nigeria experienced in three quarters of 2017, Germany nearly fail into recession in 2018, with growth at a standstill in the final quarter of the year.

Europe’s biggest economy shrank by 0.2 per cent in the third quarter (a recession is defined as two or more quarters of the year

The data shows that the German economy grew at its weakest rate in five years in 2018, and is forecast to slow again this year.

Experts pointed to Brexit uncertainty and fears surrounding global trade disputes as the reason behind the sluggish economy, with business confidence dropping for the fifth month in a row in January.

Those concerns are not expected to lift in the near future. DekaBank economist Andreas Scheuerle said: “Germany got away with a black eye [in the fourth quarter].”

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Re: Nigeria Not The Only Country That Experienced Recession. by Merbon: 8:22pm On Mar 03, 2019
We can count some other countries.

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