Crude production fell to 2.11m barrels a day from 2.18m Nigeria’s economy risks falling into recession after it shrank in the first quarter as oil output slumped and the manufacturing, financial and real estate industries declined. Gross domestic product in Africa’s largest economy contracted by 0.36 percent from a year earlier, the Abuja-based National Bureau of Statistics said in an e-mailed statement on Friday. This compares with growth of 2.11 percent in the previous three months. The median of 17 economist estimates compiled by Bloomberg was for growth of 1.8 percent. The last time the economy contracted was the second quarter of 2004, according to data on the central bank’s website. Falling prices of crude, from which Nigeria derives up to 70 percent of state revenues, have caused the nation’s economic outlook to deteriorate as the government struggles to pay salaries and stimulate growth, forcing it to increase borrowing. […]