FG’s 7% growth report questioned

•Experts say magnitude of growth is unrealistic The report by the National Bureau for Statistics (NBS) that the economy grew by 7.2 percent in the first quarter of 2010 is raising eyebrows among experts who say it is illogical for the economy to have grown by such magnitude when key components that drive the economy are looking downward. Specifically, they identify negative growth in the automobile industry where imports declined by 55 percent, house prices which have remained depressed, and ...
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Added July 15, 2010
from Businessday Nigeria