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What is a recession and are we in one? A bluffer’s guide

Australia’s last recession left many people better off. A recession this time around may be very different.

What is a recession and are we in one? A bluffer’s guide

We haven't written up this one. The Age has the full story — the link below goes straight to it.

This story

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CBN Report: Fiscal Deficits Impacts Naira, Spikes Interest Rates

■Says fiscal expansion remains major source of exchange rate instability ■Study advocates legally binding fiscal rule establishing a ceiling for budget deficits relative to gross domestic product…

  • Persistent budget deficits weaken Nigerian naira, causing exchange rate volatility
  • Fiscal imbalances complicate interest rate control, strain monetary stability
  • Study recommends fiscal rules, stabilization fund, strategic reserve management

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