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Tag: Recession

Economy of UK, Japan enter...

Economy of UK, Japan enter recession Britain's economy...

Soaring energy prices slip Hungary’s...

Soaring energy prices slip Hungary’s economy into...

Economy of UK, Japan enter recession

Economy of UK, Japan enter recession Britain's economy has officially entered a recession, according to data released on Thursday. This news comes as Japan also announced its entry into a recession on the same day, underlining global economic challenges. The British Office for National Statistics reported a 0.3 percent contraction in GDP in the fourth quarter of 2023, following a 0.1 percent decline in the previous three months. This marks two consecutive quarters of falling GDP, meeting the technical definition of a recession. READ ALSO: Soaring energy prices slip Hungary’s economy into recession The news is...
Neptune Prime -
News

Economy of UK,...

Economy of UK, Japan enter recession Britain's economy has officially entered a recession, according to data released on Thursday. This news comes as Japan also announced...
Neptune Prime -
Business & Economy

Soaring energy prices...

Soaring energy prices slip Hungary’s economy into recession Hungary’s economy entered a recession in 2022 as soaring energy prices drove inflation higher. According to official data...
Maryam Umar -
Business & Economy

Nigerian economy unexpectedly...

Nigeria’s economy exited recession in the fourth quarter of 2020, recording its first growth in three quarters as the coronavirus-linked lockdown was lifted across...
Neptune Prime -
Business & Economy

Recession: Ooni of...

The Ooni of Ife, Adeyeye Ogunwusi Ojaja II, has urged the Federal Government to develop a “clear” economic recovery plan capable of taking Nigeria...
Gift Luckson -
Business & Economy

World Bank predicts...

The World Bank (WB) has predicted that Nigeria’s current recession might last for three years unless the current reforms are sustained and the right...
Neptune Prime -
Local

Recession: Niger State...

The Niger State Government yesterday confirmed its decision to slash the salaries of all workers including that of all political appointees, the governor and...
Neptune Prime -
Business & Economy

COVID-19 Pandemic: UK...

The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession. The economy...
Maryam Umar -
Local

Covid 19: Nigeria...

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst...
Salim Sani -
Business & Economy

Breaking: Nigeria out...

Nigeria is officially out of recession, the  National Bureau of Statistics (NBS) has shown. Results released early on Tuesday, by the NBS showed that the economy...
Aisha Auyo -
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