World's economy

THE WORLD’S ECONOMY IS FACING SEVERE HARDSHIP AS A RESULT OF COVID 19 LOCKDOWN WHICH MAY HAVE AFFECTED MOST THIRD WORLD COUNTRIES SO BADLY.

Viewers Corner News team believe that Nigeria would get out of recession soon, it is not new and also not the first time recession has hit the country (Nigeria), but then the recent one could be as a result of covid19 restrictions which have affected almost all the countries of the world. Even in the advance world, things are not so easy for them too at this period of covid19 restrictions. The advance world are feeling the terrible effect of covid19 so badly but what is helping them for now is that they have huge monetary reserves because they saved when things were good and the opportunity to do so was there for them at that point in time which we (Viewers Corner News team) are calling on the federal government of Nigeria to embrace when the time comes. The federal government of Nigeria should map out what would go into Nigeria’s reserve account so that in a difficult situation, such money can be used to put things right rather than looking for a country to borrow money from to solve issues which at the end would bring the economy of the country (Nigeria) to a zero point. However, soonest the recession in Nigeria would be over, it is just a matter of time, things would return to normal again.

Source: Viewers Corner News.

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