(Credit: Raul Ariano/IMF Photo) August 2, 2024/IMF IMF COUNTRY FOCUS China’s economic development over the last several decades has been remarkable amid rapid growth. We project growth will remain resilient at around 5 percent in 2024, despite the continued property sector adjustment. At the same time, China has relied too much […]
OPINION/EDITORIAL
Currency in Circulation Up 56%Y/Y to N4.05Trn
August 2, 2024/CSL Research Money Supply statistics from the Central Bank of Nigeria (CBN) as of June 2024 revealed that currency in circulation (CIC) grew by 56% in June 2024 to reach an all-time high of N4.05trn from N2.6trn (June 2023). Month-on-month, there was a marginal increase of 2.1% from […]
Now Is the Time to Help Countries Faced with Liquidity Challenges
(Credit: Kim Haughton/IMF Photo) August 1, 2024/IMFBlog By Ceyla Pazarbasioglu and Pablo Saavedra Many countries are being squeezed by increasing interest payments and high debt redemptions. The economic scarring of the pandemic, conflicts around the world, and the abrupt rise in global interest rates have hit low-income countries the hardest. […]
