Recession, hyperinflation likely in 2023, LCCI warns
Recession, hyperinflation likely in 2023, LCCI warns,
The Lagos Chamber of Commerce and Industry has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high energy cost, monetary policy tightening, and weakening consumer demand. The President of LCCI, Michael Olawale-Cole, stated this during the chamber’s quarterly
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The Lagos Chamber of Commerce and Industry has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high energy cost, monetary policy tightening, and weakening consumer demand. The President of LCCI, Michael Olawale-Cole, stated this during the chamber’s quarterly
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