Breaking News: Nigeria's Economy Is Finally Out Of Recession - World Economics

 
I find this information rather misleading and appalling in someway considering that I just came back from the market and have even gone to a supermarket and come back now.  The World Economics said that Nigeria economy has climbed out of recession and as a none economics student, I can't see it in my everyday live. 

Well, what do I know, if the World Economics says we are out of recession, by all means we are out. And as you can imagine, APC are the fastest finger to share the information to Nigerians...lol. I mean, do we need to read that recession has ended in Nigeria, whilst we buy things everyday?

The information reads .........

World Economics is an organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy. According to the information on their website and considering the graphs on this post, Nigeria is out of recession. ...

"March Sales Managers’ Index (SMI) data suggests that the Nigerian economy is starting to grow out of the recession which saw 10 months of consecutive contraction. The Market Growth Index grew to 53.5 in March as the monthly Sales Growth Index edged up to 51.3, its highest value since March 2016. 

It is too early to speculate if the recovery is built on solid fundamentals for a sustained recovery but the changes reflected are not insubstantial. Price inflation for March, which is tracked by the Prices Charged Index, remained high at 61.3 - and indicative that very high levels of inflation continue. Overall, conditions in Nigeria have improved over the past month and managers are expressing optimism that the economy will continue to grow".
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Breaking News: Nigeria's Economy Is Finally Out Of Recession - World Economics Breaking News: Nigeria's Economy Is Finally Out Of Recession - World Economics Reviewed by Exlink Lodge on Tuesday, March 21, 2017 Rating: 5

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