When recession hit my rabbit farm
What is a recession? A recession is when the economy declines significantly for at least six months. That means there’s a drop in the following five economic indicators: real GDP (Gross Domestic Product), income, employment, manufacturing and retail sales. People often say a recession is when the GDP growth rate is negative for two consecutive quarters or more. But a recession can quietly begin before the quarterly gross domestic product reports are out. A recession is usually underway when there are several quarters of slowing but still positive growth. Often a quarter of negative growth will occur followed by positive growth for several quarters, and then another quarter of negative growth. When recession hit my rabbit farm On the evening of Aug 31, 2016 I was at a local restaurant near my apartment. A plate of pepper soup has just been placed in front of me when the voice from a television set announced that Nigeria was in a recession.