(Credit: IMF) July 25, 2023/IMFBlog By Pierre-Olivier Gourinchas The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine. In the near term, the signs of progress are undeniable. The COVID-19 health crisis is officially over, and supply-chain disruptions have returned to pre-pandemic levels. Economic activity […]

July 24, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices have been slowly but surely edging higher in July as rising optimism around Chinese demand combines with supply concerns to boost bullish sentiment. Chart of the Week – Chinese authorities have reformed natural gas pricing in the country, linking retail residential […]

July 25, 2023/FBNQuest Research Today, we turn our attention to the utilisation of foreign exchange (fx) by the various sectors of the economy. According to CBN data, the total sectoral utilisation of fx through official channels was flat (-0.7%) q/q at USD7.5bn. However, on a y/y basis, it increased by […]