The role of recession in promoting productivity in Nigeria
CHAPTER ONE INTRODUCTION Background of the study Economic recession is a period of economic slowdown featuring low output, illiquidity and unemployment. It is characterized by its length, abnormal increases in unemployment, falls in the availability of credit, shrinking output and investment, numerous bankruptcies, reduced amounts of trade and commerce as well as highly volatile relative currency value fluctuations mostly devaluations, financial crises and bank failure. The World Bank and ...
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