Research and Analytics
Research and Analytics
The World Bank’s Commodity Markets Outlook comes with large caveats including uncertainty over the pandemic’s duration and severity; the direction of energy and fertilizer prices; currency movements; changes to trade and domestic support policies; and possible disruptions in global supply chains.
By Davide Furceri, Prakash Loungani, and Jonathan D. Ostry / Image Credit: IMF The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. […]
On 4th May, the first phase of the gradual ease started and residents of Lagos state and Abuja were able to go out to their places of work again. As an independent economic research group, we also set out to observe how the citizens went about their economic activities, how they conveyed themselves, the cost associated with the movement as well as the activities of the transport unions in enforcing social distancing.
By Vitor Gaspar, Paulo Medas, and John Ralyea/ Image Credit: WEF The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises are part of that effort. They can be public utilities that provide essential services. Or public banks that provide loans to small businesses. But some are also […]
Due to the outbreak of Covid-19, countries have resorted to restricting movements, closing their borders as well as closing down the domestic economy (with the exception of essential services being allowed to move). Elsewhere, there was an oil price war between Saudi Arabia and Russia, which sent the price of headline crude oil to the […]
At the tail end of the last quarter, the Nigerian government closed its land borders, banning all international flights and restricting interstate movement and consequently announcing a total lockdown in three states; Lagos, Ogun, and Abuja. This action by the government, which was necessitated by the upward trend in the number of coronavirus cases in […]
This article gives an insight into how the citizens will likely react to the ease of lockdown within the first few weeks. It also explains why the use of Okada and Keke Napep will reduce contacts once the lockdown is lifted.
By Professor Chukwuma Charles Soludo/ Image Credit: WeeTracker This year 2020 begins a new decade that promises to be one of dreadful disruptions, with Africa holding the weakest end of the stick. In 2008/09, the global “great recession” was triggered by financial crisis in the US (world’s largest economy). Then, much of Africa was said […]
The CPI (Consumer Price Index) calculates the average over time increase in prices of products and services purchased by people on a regular basis. The monthly Statistics released by the NBS stands at 12.26%. March 2020 reports a 12.26% steady increase Year on Year from 12.20% in February 2020. Data obtained from the National Bureau […]
First of all, there are Different Brands of Crude Oil To start, it is worthy to note that there are different variants of crude oil in the international market with the Brent serving as the benchmark just the same way the United States dollar is the benchmark when converting different currencies of the world. The […]
