COVID-19: Massive economic crises loom, says CBN

COVID-19: Massive economic crises loom, says CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the outbreak of the coronavirus pandemic would lead to massive economic crisis capable of throwing many countries into recession.
The committee said the COVID-19 pandemic would not only result in health crises, but also massive economic crises that would force even leading industrialised countries into recession.
The CBN Governor, Mr Godwin Emefiele, announced the position of the committee at the end of its two-day meeting held at the apex bank’s headquarters in Abuja.

Source: Punch Newspaper