Photo Credit: Julia/Adobe Stock August 28, 2023/IMFBlog Inflation has remained stubbornly high, exceeding central banks’ targets in most Caucasus and Central Asia (CCA) countries. Inflation rates are volatile, due to the large share of food and imported products in the consumption basket. The surge in the price of these products […]
OPINION/EDITORIAL
Q2-23 GDP: Growth Improves but Capped by Weaker Oil Sector
August 28, 2023/Cordros Report According to the recently released Q2-23 GDP report by the National Bureau of Statistics (NBS), domestic economic activities improved in Q2-23 relative to Q1-23 as the negative impact of the CBN-induced cash scarcity subsided. However, the growth print was capped by the lingering underwhelming oil sector’s […]
Nigeria’s GDP Growth Slows to 2.51% in Q2
August 28, 2023/CSL Research According to the Gross Domestic Product report published by the National Bureau of Statistics (NBS), the Nigeria’s Gross Domestic Product (GDP) grew by 2.51% y/y in real terms in Q2 2023. This growth rate is lower than the 3.54% recorded in the second quarter of 2022 […]
