May 29, 2020/Cordros Report Global Economy Economic activities nosedived into a technical recession in Germany over the first quarter of the year – the first recession in seven years. Notably, after contracting by 0.1% q/q in Q4-19 following weaknesses in the external sector, GDP growth plunged by another 2.2% q/q, […]
Updates
CBN Reduces Rates on Facilities in the OFIs, Cuts MPR by 1% as Q1 2020 GDP Rises by 1.87%
May 29, 2020/Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN), in a move to further cushion the negative effect of COVID-19 in the country and support economic growth, approved regulatory forbearance for the restructuring of credit facilities in the Other Financial Institutions (OFIs). Consequently, all […]
How Digital Coupons Fuel China’s Economic Recovery
May 27, 2020/Alizila Daniel Rosenberg China is taking a novel approach to revive its economy, seeding digital coupons with consumers to encourage spending on everything from groceries to luxury goods. Since the worst of the Covid-19 outbreak passed in China, the country has issued over RMB5.6 billion ($788 million) in […]
