Impact Of Economic Recession On Nigeria Macroeconomic Performance

Impact of Economic Recession on Nigeria Macroeconomic Performance 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 18.63 percent being the highest in 11 years. Foreign r…