LAGOS Mesut Ozil World Cup Jersey , Sept. 6 (Xinhua) -- Nigeria must not relax because thegross domestic product (GDP) is still on the negative side, a topofficial with the National Bureau of Statistics said Wednesday.
Addressing reporters in Abuja, the country's capital city, YemiKale, the Statistician-General of the Federation Max Kruse World Cup Jersey , said that thereis growth but there is a problem with the distribution across thecountry.
According to Kale, there is a different stage Nigeria must gothrough before the masses will feel the effects of going out ofrecession, adding figures suggesting growth do not translate intoimprovement to the quality of growth.
Kale said the reason Nigerians were not feeling the real impactof the positive economic growth rate on their lives was because ofthe structure of the economy which is still largely driven byoil.
The bureau on Tuesday announced that Nigeria was out of economicrecession, stating that the nation's GDP grew by 0.55 percentyear-on-year in real terms in the second quarter of this year.
The economy slipped into recession in the second quarter of2016. Enditem
RIGA, Sept. 8 (Xinhua) -- Although the Latvian economy is not currently facing a crisis like the one it experienced in 2009 Matthias Ginter World Cup Jersey , it is showing some signs of overheating again, Bank of Latvia Governor Ilmars Rimsevics said at a news conference on Friday.
After weak performance in 2016, the Baltic country's economic growth has picked up this year, the head of the Latvian central bank said, noting that the recovery of the external markets was one of the main factors driving manufacturing growth in Latvia.
A stronger inflow of foreign direct investment (FDI) and EU funding Mats Hummels World Cup Jersey , the delay of which was cited as the main reason hindering growth in 2016, has been another factor