Tag
STAGFLATION
Nigeria's tepid economic growth and high inflation poses great consequences
Since inflation has been at record highs in practically all countries since the beginning of 2022, the threat of stagflation has dominated discussions for some time.
The World Bank has lowered its global growth projection and warned that the economy might enter a period of stagflation similar to the 1970s.
Global economists have predicted a 12% inflation rate and an 8.2% economic growth rate for Nigeria in 2022,...
We explain why President Buhari is synonymous with stagflation and what he can do to get us out of it.