June 14, 2021/IMFBlog By Abebe Aemro Selassie, Luc Eyraud, and Catherine Pattillo African economies are at a pivotal juncture. The COVID-19 pandemic has brought economic activity to a standstill. Africa’s hard-won economic gains of the last two decades, critical in improving living standards, could be reversed. High public debt levels […]
OPINION/EDITORIAL
Nigeria’s latest gas-related power shortages could have been avoided. Here is why
June 14, 2021/Alesia Communications Opinion Piece by Yusuff Wale, Managing Director, Wärtsilä Marine & Power Services Nigeria Ltd On 28 May 2021, Nigeria’s national power generation dropped to 3,059 MW and for the subsequent seven days remained below 4,000 MW, six percent below average production. Low pressure on the […]
US Inflation Surges to 13-Year High of 5%
June 13, 2021/Proshare By FDC News that US inflation shot up to 5% (a 13-year high) caught the market and analysts by surprise. The shock was not about the rise but more by the magnitude. Before the release, the Fed had noted cautiously but with some concern the spike in […]
