OPINION/EDITORIAL

Q4 2020 GDP: A Welcome Exit from Recession

February 19, 2021/Proshare  By FBNQuest Research From the latest national accounts, we find that GDP growth returned to positive territory in Q4 ’20. Modest growth of 0.11% in the quarter compares with contraction of -3.62% the previous quarter and 2.55% in the year-earlier period. Our expectation was a slowdown in […]

Public and Private Money Can Coexist in the Digital Age

February 18, 2021/IMFBlog By Tobias Adrian and Tommaso Mancini-Griffoli We value innovation and diversity—including in money. In the same day, we might pay by swiping a card, waving a phone, or clicking a mouse. Or we might hand over notes and coins, though in many countries increasingly less often. Today’s […]

Another Deficit on the Current Account in Q3 2020

February 18, 2021/proshare By FBNQuest Research Nigeria’s current-account deficit improved a little in Q3 ’20 from -4.1% to -3.3% of GDP. Expectations of a rather better performance were dashed by an unexpected rise of USD2.5bn in merchandise imports. Crude oil and gas imports increased by USD900m in Q3 as the […]