According to the National Bureau of Statistics, headline inflation in December inched up by 8.0% y/y. This marks a 0.1% rise from the 7.9% recorded in November and the second consecutive rise in inflation rate since October. In effect, inflation remained in single digits throughout 2013. The consumer price index […]
World News
Lagarde Lambast US Congress on Non-Implementation of 2010 Quota Reform
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) has lambasted the United States (US) Congress for non-implementation of the 2010 Quota and Governance Reform. “I am disappointed that necessary steps could not be taken to implement this important governance reform. The world […]
Turkey: How to Boost Growth Without Increasing Imbalances
Turkey has received well-deserved praise for its growth performance over the last decade. Yet along with this success story has come a steady widening of the current account deficit, projected to come out at 7.4 percent of GDP in 2013. The counterpart of this deficit is a reliance on external […]
