What Will Be The Fate Of Nigeria If Japan Can Go Into Recession

Recession is defined as two consecutive quarters of negative GDP growth and some analysts predicted the Japanese economy would suffer worse as the effects of the coronavirus become clear.

Japan dived into its first recession since 2015, according to official data Monday, with the world’s third-largest economy shrinking by 0.9 percent in the first quarter as it wrestles with the fallout from the coronavirus.

If all these are happening to developed countries how much more damage can it incure in the less developed countries. If there can be a hike in prices of commodities and services in a producing nation like Japan then what will the fate of Nigeria a nation that does not manufacture or produce going to be.

If Japan can go into recession that is slowing down the production rate of the nation which can hampered the availability of goods and services in the nation then what of Nigeria that depends mostly on imported goods and services.

The big question is what is the fate of Nigeria after the Corona Virus saga?

The fate of Nigeria is unknown and still remains in the dark until it unveils into reality