May 25, 2021/Cordros Report Confronted with the twin problems of tepid economic recovery and stubbornly high Inflation, the Monetary Policy Committee (MPC) voted to maintain the MPR at 11.5% alongside other key monetary policy levers. However, unlike the March meeting, where there was divergence in the voting pattern, a unanimous […]
OPINION/EDITORIAL
Oil Prices Rebound As Demand Optimism Returns
May 25, 2021/OilPrice.com Chart of the Week – Natural gas-fired power generation averaged 3,394 GWh per day in the first four months of 2021, down nearly 7% from the same period in 2020. – The decline is mostly the result of higher natural gas prices and increased competition […]
Manufacturing Sector Slips Out of Contraction in Q1 2021
May 24, 2021/Proshare by CSL Research The Manufacturing sector’s real GDP turned positive at a rate of 3.4% y/y in Q1 2021 following three consecutive quarters of negative growth since the last positive growth in Q1 2020 (0.4% y/y) and marking the highest growth recorded since Q1 2018. The improvement […]
