May 17, 2022

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Are you ready for the corona virus aftermath

Are you ready for the corona virus aftermath 1
Are you ready for the corona virus aftermath 2

Virus fallout: IMF says Nigeria economy to shrink by 3.4 percent

Global coronavirus lockdowns and low oil prices to hit Nigeria’s economy, already reeling from high unemployment.

Are you ready for the corona virus aftermath 3

The International Monetary Fund says Nigeria’s economy is expected to shrink by 3.4 percent this year and Africa’s largest economy could face a recession lasting until 2021.

Oil-rich Nigeria has been hit by the plunge in the demand for energy set off by the global lockdown against COVID-19.

And the country’s jobless rate, already at 23 percent, is expected to climb even higher. 

Certainly Nigeria is not the only country that is going to feel the weight of the lock-down, the rest of the world will though at different levels.

As we worry about how we are going to get out this Corona Virus mess”, we should start thinking about the aftermath.

Source: Aljazeera

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