FG fears the worst, says economy to shrink by 8.9% in 2020

As the disruptions of the global economic system by the COVID-19 continues to create anxieties in governments globally, the Federal Government on Thursday revised downward its growth projections fo…

As the disruptions of the global economic system by the COVID-19 continues to create anxieties in governments globally, the Federal Government on Thursday revised downward its growth projections for the economy, saying the economy could shrink as much as 8.9% in this fiscal year.

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