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James Emejo aggregates analysts’ perspectives on Nigeria’s recent exit from recession and concludes that more efforts are required by the fiscal and monetary authorities to strengthen recovery in subsequent quarters Perhaps, it was no music to the ears to many when the country’s economic managers projected last year that the country’s second consecutive economic recession which happened in the third quarter, would be short-lived. This is understandably so because the slow progress in getting out vaccines that could put an end to the COVID-19 pandemic, which had ravaged the global economic landscape among other things. The economy slipped into a recession in November last year when growth contracted for the second consecutive quarters by 3.62 per cent in Q3 and previously grew by-6.10 per cent in Q2.

Abuja federal capital territoryUche uwalekeIbrahim shellengChijioke ekechukwuJames emejoZain ahmedGodwin emefieleCredent investment managersFitch solutions country risk industry researchNational planningMedium enterprises msmesNational bureau of statisticsGovernor of the central bankNational economic sustainability planWe at fitch solutionsGross national income