NO RECESSION IN NIGERIA, BUT MONEY ILLUSION

If you lost your job is a recession, and if your neighbour lost his job is a depression. many people are  without economics knowledge around the globe so there was this theory of economic growth by peacock and wise-man that looks at economy booming and when is not booming though there is an illustration graph that depict that theory but i cant lay my hands on it. recession can be cause by many factors like high interest rate, reduced in  real wage and reduced in consumer confidence. but money illusion is what we are experiencing in Nigeria what you use to buy at the rate of five hundred naira now is one thousand five hundred naira, your ten million of last year is equivalent to five million naira of today. the federal government itself does not know how it works, that why they where caught unaware with this current recession.