January 15, 2021/Cowry Asset Report The global economy continued to expand for the sixth consecutive month in December as output, new orders and employment rates continued to grow. According to J.P. Morgan Global Composite Output Index, global business activities (manufacturing and services) expanded to 52.7 points in December, slower than […]
OPINION/EDITORIAL
SSA’s long and painful road to recovery
January 15, 2021/United Capital Report In our 2021 outlook report, we stated that the outlook for SSA economies was largely dependent on the pandemic. Recent data of Covid-19 caseloads across the region has seen a spike in the number of cases in what has been confirmed as the second wave. […]
Inflation sustains uptrend; prints 15.75% y/y in December 2020
January 15, 2021/Cordros Report Nigeria’s headline inflation maintained its upward trajectory, as it expanded by 86bps in December 2020 to 15.75% y/y (November: 14.89% y/y) – the highest level since November 2017. We note that the inflation print is broadly in line with our estimate of 15.74% y/y. On a month-on-month […]
