Sentences with phrase «negative macroeconomic growth»
Recent years have not been easy: negative macroeconomic growth has caused massive unemployment, as high as 12 - 15 % in some states.
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I also pointed out that Nigerian manufacturing was already in recession by then and noted that «all major macroeconomic indices are trending negative» including inflation, FX and capital markets, and jobs and warned that «the Nigerian economy exhibits recessionary conditions with Q2 growth approaching one - third of the level just one year earlier» and counselled that «the slide to an actual recession may still be averted with a strong economic team and sound policy».