World Economics declares Nigeria out of recession

World Economics, a London-based organisation, declares that Nigerian economy has wriggled out of recession.

According to the organisation, which focuses on producing financial analysis on world economies, Nigeria’s Market Growth Index grew to 58.5 in April as the monthly Sales Growth Index ticked up to 56.7

This is its highest value since 2015, representing rapid growth.

The organisation acknowledged that a slowing trend of economic improvement has developed for the past 9 months.

Expressing renewed optimism that the economy will continue to grow and regain strength after the recession.