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q2

Weighed down by COVID-19 and oil prices

Nigeria slips into recession

Lagos - Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to data released on Saturday which showed the impact of the COVID-19 pandemic and low oil prices. Africa's biggest economy was last in recession in 2016, its first in a generation

Statistics

Turkey's economy shrinks nearly 10% in Q2 under pandemic impact

Istanbul - Turkey's economy contracted by 9.9% in the second quarter as a coronavirus lockdown brought activity to a near standstill, according to data on Monday that showed its worst year-over-year performance in a decade