February 19, 2021/IMFBlog By Gita Gopinath After ending last year with unexpectedly strong vaccine success and hope that the pandemic and economic distress it caused would recede, we woke up to the reality of new virus variants and the unpredictable, winding road that it can lead the world down. Something […]
OPINION/EDITORIAL
Nigeria creeps out of recession; Economy expands 0.1% in Q4-2020
February 19, 2021/United Capital Report Yesterday, the National Bureau of Statistics (NBS) published its Q4-2020 GDP estimates. According to the report, Q4 GDP grew 0.1% y/y, representing the first positive quarterly y/y growth since Q1-2020, an indication that the economy rebounded from the Covid-19 induced recession. Thus, the Q4 recovery […]
Q4-20 GDP: A Narrow Exit from Recession; Sustained Recovery Expected in Q1-21
February 19, 2021/Cordros Report The recently released Q4-20 GDP report by the National Bureau of Statistics (NBS) surprised positively as Nigeria narrowly exited its second recession in four years. The fourth quarter’s improvement in economic activities was quite remarkable as GDP grew by 0.11% y/y (Q3-20: -3.62% y/y), a marked […]
