October 8, 2020/IMFBlog By Francesco Grigoli and Damiano Sandri One enduring lesson from the COVID-19 pandemic is that any lasting economic recovery will depend on resolving the health crisis. Our research in the latest World Economic Outlook shows that government lockdowns—while succeeding in their intended goal of lowering infections—contributed considerably […]
OPINION/EDITORIAL
The Paradox of Thrift and the Drag on the Nigerian Economy
Culled—Proshare October 8, 2020 By FDC Ltd The savings rate in an economy is theoretically a function of households’ disposable income, which is the income level of individuals and households after the payment of taxes. Nigeria’s national savings rate was last estimated at 19.25% in 2018, 3.4% above the 15.85% […]
Implications of Fitch’s Revision of Nigeria’s Outlook to Stable from Negative
Culled—Proshare October 8, 2020 By FDC Ltd Fitch Ratings, one of the global credit rating agencies, recently revised Nigeria’s outlook to stable from negative while affirming the country’s credit rating at ‘B’. The revision reflects an improvement in the domestic economy following the gradual phasing out of lockdown restrictions and […]
