(Credit: gorodenkoff/iStock by Getty Images) September 11, 2024/IMFBlog By Diego Cerdeiro, Gee Hee Hong, and Alfred Kammer In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasized by Mario Draghi’s […]
OPINION/EDITORIAL
The Manufacturing Sector Continues to Grapple with Economic Challenges
September 11, 2024/CSL Research In the Q2 2024 Nigeria GDP report, the manufacturing sector’s performance remained relatively weak. According to the National Bureau of Statistics (NBS), the manufacturing sector in real term grew by 1.28% y/y in the second quarter of 2024, a decline compared to its growth rate of […]
Nigeria Inflation: Higher PMS Prices to Exacerbate Inflationary Pressures
September 10, 2024/Cordros Report The Nigerian National Petroleum Company Limited (NNPCL) effectively increased the base pump price of Premium Motor Spirit (PMS) by 47.4% to NGN855.00/litre on 3 September, up from NGN568.00/litre. This price adjustment follows a period of acute PMS scarcity and NNPC’s acknowledgement of substantial debt owed to […]
