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Nigeria slips into recession in Q3 after GDP contracts for second consecutive quarter

Published 21/11/2020, 11:48
Updated 21/11/2020, 11:54
© Reuters.

LAGOS, Nov 21 (Reuters) - Nigeria slipped into a recession
after its gross domestic product contracted for the second
consecutive quarter, according to data released by the
statistician general on Saturday.
"Q3 2020 Real GDP contracted for second consecutive quarter
by -3.62%," Yemi Kale said on Twitter. Africa's biggest economy
was last in recession in 2016 and emerged the following year.

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