May 24, 2021/IMFBlog By Fabian Bornhorst and Ceyla Pazarbasioglu The International Monetary Fund is responding to the policy challenges of a fast-changing global economy still reeling from the COVID-19 crisis: it is modernizing the way it provides its regular policy advice to member countries—a process known as surveillance. The regular […]
OPINION/EDITORIAL
Nigeria Q1-21 GDP: Economy Consolidates on Tepid Recovery in Q4-20; Sustained Growth Expected in Q2-21
May 24, 2021/Cordros Report In line with our expectation, Nigeria’s economy consolidated on the tepid recovery in Q1-21, with the recently released GDP report showing that economic activities expanded by 0.51% y/y (Q4-20: +0.11% y/y). The outturn is 43bps below our estimate (0.94% y/y) and 39bps below Bloomberg’s median consensus […]
Nigeria Recovers Slowly as Q1 2021 Real GDP Rises by 0.51%
May 24, 2021/Cowry Asset In the first quarter of 2021, Nigeria printed a year-on-year (y-o-y) real output growth rate of 0.51% to N16.83 trillion (or USD112.24 billion) as it further recovered from last year’s recession, albeit slowly. So far, we have seen FG significantly ease lock down measures as households […]
