Opinion: COVID-19 and Nigeria: Living In Unprecedented Times, By Emmanuel Nwachukwu
The hospitality industry and banking will particularly feel the brunt of the downturn, but this is not the time for CEOs to rush to lay off those low paid staff, cleaners and security personnel that have been there for the business in good times.
With far richer Western economies teetering on the brink of collapse, despite massive injection of government funding, economists agree that the world is heading towards the deepest recession since the Great Depression of the 1930s.
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