Real GDP is recovering but unemployment and inflation remain elevated. Recent exchange rate measures are encouraging, and further reforms are needed to achieve a fully unified and market-clearing exchange rate. The resurfacing of fuel subsidies is concerning, particularly in the context of low revenue mobilization. June 17, 2021/IMF An International […]

June 17, 2021/US Federal Reserve The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this […]

June 16, 2021/CSL Research The World Bank, in its latest Nigeria development update released yesterday, noted that that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone. According to the report, the lack of economic opportunities is contributing to the rising crime […]