Adebisi Samuel, Author at Gifted Analysts

Addressing Inflation Pressures Amid an Enduring Pandemic

By Adebisi SamuelPosted on December 5, 2021Posted in Africa & World EconomyNo Comments

The resurgence of the pandemic and the latest variant, Omicron, have sharply increased uncertainty around global economic prospects. This comes as several countries grapple with inflation well above their monetary policy targets. It is however evident that the strength of the economic recovery and magnitude of underlying inflationary pressures vary significantly across countries. Accordingly, policy responses to rising prices must be calibrated to the unique circumstances of individual economies.

Sub-Saharan Africa: We need to act now

By Adebisi SamuelPosted on June 29, 2021Posted in Africa & World Economy, AgenciesTagged Africa, COVID-19, Debt, GDP, Namibia, Pandemic, SSANo Comments

The growth of infections in sub-Saharan Africa is now the fastest in the world, with an explosive trajectory that is outpacing the record set in the second wave. At this pace, this new wave will likely surpass previous peaks in a matter of days—and in some countries, infections are already more than double, or even triple, their January peaks. The latest (delta) variant—reportedly 60 percent more transmissible than earlier variants—has been detected in 14 countries.

104 days of Bidenonomics

By Adebisi SamuelPosted on May 4, 2021Posted in Africa & World EconomyTagged America, Biden, Economy, Fiscal Policy, Inflation, jobs, StimulusNo Comments

President Biden has now been in office for 100 days. Okay, technically 104 days. In that time, presidential tweets have gotten way more boring, but the federal government’s plans to intervene in the economy have gotten way more interesting.

In his joint address to Congress last week, Biden called for a multitrillion-dollar agenda that could fundamentally transform the economy. And it now seems like the man conservatives called “Sleepy Joe” has been pounding Red Bulls and is ready to tax and spend like no president in generations.

Here’s a brief overview of some of President Biden’s biggest economic initiatives.

Slow-Healing Scars: The Pandemic’s Legacy

By Adebisi SamuelPosted on March 31, 2021Posted in Africa & World EconomyTagged Business, COVID-19, Lockdown, Pandemic, RecessionNo Comments

Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. But the recession brought on by the COVID-19 pandemic is no ordinary recession. Compared to previous global crises, the contraction was sudden and deep—using quarterly data, global output declined about three times as much as in the global financial crisis, in half the time.

Legally Speaking, is Digital Money Really Money?

By Adebisi SamuelPosted on January 14, 2021Posted in Africa & World EconomyTagged Asset, Central Bank, Currency, Digital, Law, LegalNo Comments

Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency.

But, in fact, close to 80 percent of the world’s central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear.

Navigating Capital Flows – An Integrated Approach

By Adebisi SamuelPosted on December 9, 2020Posted in Africa & World EconomyTagged Capital Flows, Capital Market, Exchange Rate, Fiscal Policy, IPFNo Comments

International capital flows provide significant benefits for economic development but can also generate or amplify shocks. This dilemma has long posed challenges for policymakers in many open economies.

While flexible exchange rates can act as a useful shock absorber in the face of capital flow volatility, this mechanism does not always offer sufficient insulation, in particular when access to global capital markets is interrupted or market depth is limited.

How the Rich Get Richer

By Adebisi SamuelPosted on December 1, 2020Posted in AgenciesTagged COVID-19, Inequality, investment, Pandemic, Rich, taxNo Comments

A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more likely to earn higher returns on their investments. It also shows that the children of wealthy people, while likely to inherit that wealth, aren’t necessarily going to make the same high returns on investments.

Financial Highlights of Bua Cement Plc in 9M-2020

By Adebisi SamuelPosted on November 10, 2020Posted in Business & FinanceTagged Bua cement, Dangote Cement, Gross profit, Operating profit, Revenue, tax, Total assets, Total equity, Total liabilitiesNo Comments

Gross profit grew by 13.6% compared to the corresponding period of 2019. The gross profit growth is however slow due to the fact that the growth in cost of sales was more than the growth in revenue. While revenue grew by 13.6% y/y, the cost of sales grew by 28.8%. Hence, gross profit printed N71.73 billion.

How Profitable is the Lagos Property Market?

By Adebisi SamuelPosted on October 24, 2020Posted in Business & FinanceTagged HOUSING SECTOR, Lagos State, Property market, Real estate, ZonesNo Comments

This report examines the property market in Nigeria based on the data obtained from the NIESV.

A Long, Uneven and Uncertain Ascent

By Adebisi SamuelPosted on October 24, 2020Posted in Africa & World EconomyTagged COVID-19, employment, Fiscal Policy, Fiscal Stimulus, Growth, IMF, Monetary Policy, PandemicNo Comments

This crisis is far from over. Employment remains well below pre-pandemic levels and the labor market has become more polarized with low-income workers, youth, and women being harder hit. The poor are getting poorer with close to 90 million people expected to fall into extreme deprivation this year. The ascent out of this calamity is likely to be long, uneven, and highly uncertain. It is essential that fiscal and monetary policy support are not prematurely withdrawn, as best possible.

Author: Adebisi Samuel