(Credit: AvigatorPhotographer/Getty Images) By IMFBlog In a shock-prone world, economies must be more resilient—individually and collectively. Cooperation is critical, but greater protectionism could lead to fragmentation, and even split nations into rival blocs just as fresh shocks expose the global economy’s fragility. While estimates of the cost of fragmentation vary, […]
OPINION/EDITORIAL
How More Effective Monetary Policy Can Tame Inflation in the Caucasus and Central Asia
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 […]
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 […]
