Business

The UK, Japan recessions; could Nigeria suffer the same fate?

Last year, 2023, the world was gripped by the fear of looming recession clouds over much of the global economy.


Given the biting effects of regional conflicts, high energy costs, mass layoffs, constraining discretionary spending, the question on the lips of many at the time, was not ‘how’, but ‘when would the recession hit…’


It thus came as a relief when economic data from, particularly, the USA, and China showed better than expected commercial activities.