cbn statement, 2023-05-24
Against the backdrop of severe exogenous shocks and two recessions in the last eight years, Nigeria’s economic growth rate has shown resilience even though the annual growth rate post-2020 recession has shown some weakness, declining from 3.4 percent in 2021 to 3.03 percent in 2022 and further to 2.31 percent in the first quarter of 2023.
Sentiment: neutral
Topic: mp_economic_activity