NIGERIA & SOUTH AFRICA EXIT RECESSION !!!!!!!!!!!!!!!!

By: Economic & Finance Report

Two of Africa’s biggest economies have officially exited recession.¬† In the second quarter of 2017, Nigeria’s economy improved by 0.55%, a large part attributed to Nigeria’s growing agri sector (agriculture); as well as Nigeria’s oil production stabilizing again.

South Africa economy grew by 2.5% also attributed by their economy’s agri sector also. Nigeria for the past 25 years had not been in a recession, so when the country contracted this past year; it took many people by surprise, while in South Africa many economic factors played into its recession, especially from the finance sector and government interference tailgaiting corruption scandals. -SB

*The National Bureau of Statistics of Nigeria & South Africa provided current  statistical data*

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