Download Tag: ECONOMIC RECESSION

ABSTRACT Economic recession occurs when “economic activity declines, in other words, growth become negative “and it is associated with low- level consumer spending. A recession also known as go-slow in terms of Gross Domestic Product (GDP) or national outputs has led to increase in unemployment, a decrease in wages, a high level of inequality, and an increase in government borrowing. Fall of Nigerian currency, so much reliance on oil, and ...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Undoubtedly, parts of the macroeconomic goals which the government strives to achieve are the maintenance of stable domestic price level and full-employment. Macroeconomic performance is judged by three broad measures- unemployment rate, inflation rate, and the growth rate of output (Ugwuanyi, 2004). Since the advent of economic recession in Nigeria, the economy continues to break records on the downside. Inflation was at ...

ABSTRACT The reason for this research work is to identify the effects of economic recession on industrialization in Oredo Local Government Area of Edo State. in the late 1970s and 1980s most countries in the world over notice a worldwide oil glut, this situation displayed itself in a pronounced economic recession mostly to countries  like Nigeria that operates a mono product economy. The research instrument that was used in the ...

CHAPTER ONE INTRODUCTION 1.1       BACKGROUND TO THE STUDY Recently in Nigeria, the CBN and the Finance Minister have told Nigerians that the nation is in an economic recession, it is very important that the impact of this recession on the Nigerian populace is well understood. The causes can be well understood if the definition of an economic recession is revisited. An Economic Recession  is defined as a significant decline in ...

ABSTRACT Global economic recession has micro and macro effects on all sectors of a country’s economy. The study examined economic recession and human capital development in Nigeria. The training and development of university lecturers in Ogun East Central District were related to the human capital development. The study adopted the research survey design approach and the simple random sampling technique was used to select 453 lecturers in different positions and ...

CHAPTER ONE INTRODUCTION 1.1   Background to the Study International experience has become critically important in today’s business world. Global trends have had an impact on the processes and outcomes of business fortunes even in developing countries; and have caused industrial relation actors to think differently about their goals. Every country is affected by business cycle; a situation whereby there is nationwide fluctuations in production, trade and general economic activities ...

CHAPTER ONE INTRODUCTION 1.1 Background Of The Study In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.Recessions generally occur when there is ...