What makes a global recession? Defining a global recession is no easy task. That’s probably why the IMF and World Bank prefer to see a global recession as a year when the average global citizen experiences a drop in real income. For countries like Nigeria, where foreign direct investment has already hit a five-year-low, a global recession might not be their biggest worry. Most African countries which seem vulnerable to a global recession today are also vulnerable without a recession.

Source: The North Africa Journal May 30, 2022 14:11 UTC