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Tag Archives: Recession

Namibia: Recession Hits Namibia

The Namibian economy has entered into a full recession after the Namibia Statistics Agency (NSA) announced on Thursday that the economy had contracted by 2,7 percent in the first quarter of 2017 compared to a 4,1 percent growth recorded in the corresponding quarter of 2016. The poor performance was mainly …

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Brazil wants more troops amid crime wave due to police strike

Authorities in the Brazilian state of Espirito Santo Wednesday requested more federal troops to stem a crime wave amid an ongoing police strike that in five days has led to more than 80 reported deaths. The death toll, if confirmed, would be roughly six times the state’s comparable homicide rate …

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Nigeria is broken and affected by economic downturn – Buhari tells UN


President Muhammadu Buhari has reiterated that Nigeria as at now is a broken country that is affected by an economic downturn, hence the resolve by his government to diversify the economy. Buhari was delivering his address at the ongoing United Nations General Assembly session in New York. We continue to …

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