CBN governor expects recession to end by second quarter
26 April 2017 | 8:46 am
CBN governor expects the recession to end by the second quarter.
26 Jun 2022
Since Russia invaded Ukraine four months ago, the cost of living crisis has become a global issue. Prices have gone up around the world. In Europe, the countries that use the euro saw an average of 8.1 percent inflation in May. Pressure on prices, combined with stuttering economic growth, has sparked fears of a recession. These concerns could still come into play regarding the EU's response to the Russian invasion of Ukraine. In this programme, we're joined by two MEPs to discuss how the EU should balance sanctions against Russia with the risk of recession.
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German businesses have been losing confidence in the current economic climate as growth prospects worsen. The ifo Institute that published the survey pointed to high energy prices.
31 Jul 2022
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be "teetering on the edge of global recession."
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The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
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Data suggest that Germany may be on the brink of an economic downturn that could ultimately lead some businesses to move abroad.
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Southeast Asian countries, most of whom count the EU as one of their largest trading partners, are watching the bloc's economic slowdown with a mixture of trepidation and opportunity.
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The British pound has fallen to its lowest level in decades against the US dollar, amid fears over runaway inflation and recession. The government has announced a drastic plan to cut taxes, claiming it will boost growth.
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The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent.
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Economists often warn of the consequences of a recession; companies go bankrupt, and jobs are lost. But in forcing weaker firms out of business, a recession can leave more room for growth and recovery.
England and France set themselves up for a first-ever encounter in the knockout stage of the World Cup after ousting Senegal (3-0) and Poland (3-1) respectively. Will Harry Kane's Three Lions roar when faced with the defending champions? Meanwhile, as Senegal head home, can Aliou Cissé be proud of the Lions of Teranga's performance in Qatar?
We look at how the French and British papers are covering their nations' World Cup wins, as well as their future face-off in the quarter-finals. We also discuss the possibility of the Iranian morality police being disbanded. The South African press weighs in the political future of President Cyril Ramaphosa.
Eight teams are left in this year's World Cup, but only four will make it through after the weekend: a fierce and highly emotional set of quarter-final matches are to come. Can last edition's runners-up Croatia upset the mighty Brazil? And in a World Cup classic, the Netherlands will face Argentina.
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