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GLOBAL ECONOMY
Over the last century, recessions have almost always been started by sustained periods of high-interest rates, never a virus.
In Nigeria, Coronavirus possesses a different kind of imminent threat which could cost economies even more.
The effects of coronavirus are now being felt worldwide — from supply chains to price of crude oil and copper and global stock prices tumbling.
The global economy has enjoyed a steady growth since the financial crisis of 2009, however, there are concerns of a downturn amidst global trade tensions.