Sentences with phrase «technically in a recession»

Recently, the Minister of Finance, Mrs. Kemi Adeosun, said Nigeria was technically in recession.

Although we are no longer technically in a recession, the recovery is going much slower than everyone had hoped it would.

Not exact matches

Technically, the Great Recession ended in June 2009.

A recession is sometimes technically defined as two consecutive quarters of economic contraction, however, many economists define such a pullback in growth as a significant fall in activity across the economy that lasts more than a few months.

That means Britain was technically only in recession - which requires two consecutive quarters of negative growth - from April 2008 to June 2009.

Though Nigeria has technically come out of a recession, the macroeconomic environment in Nigeria still continues to remain challenging with no certainty as to how long oil prices will remain above $ 50.00 per barrel, continued reliance of the country on the oil export sector for foreign currency earnings and the early hints of political (election) discourse within the polity.

«While the recession may have technically ended last summer, consumers remain skittish about job and income prospects and are refraining from consuming in a sufficient enough manner as to create substantial growth in GDP,» wrote Dan Greenhaus, chief economic strategist with Miller Tabak, in a research note.

«What matters most is that student housing in general is and will remain a technically and fundamentally sound investment class due to its recession - resistant investment characteristics, strong Generation Z demographic trends and sustained institutional and cross-border investor demand,» says John Strockis, senior vice president of acquisitions with SmartStop Asset Management, an asset manager that manages student housing, seniors housing and self - storage properties.