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The Global Economic Reset- Promoting a More Inclusive Recovery
By Kristalina Georgieva The COVID-19 crisis is inflicting the most pain on those who are already most vulnerable. This calamity could lead to a significant rise in income inequality. And it could jeopardize…
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Capital Importation in Nigeria: Why is FDI so Low?
In a recent publication by the NBS, total value of capital imported into the country stood at $5,854.38m in Q1 2020. This represents an increase of 53.97% compared to Q4 2019 and -31.19%…
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Global economy on a Tripod: Deflation, Inflation and Recession in 2020
From economic theories, one characteristics of a recession is that price level of goods and services will become low. If this should go by and considering that economic theories are in favour of…
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US Shale Could Crash the Oil Market Recovery
The oil price crash was the result of a severe decline in international oil demand thanks to the spread of the novel coronavirus, made infinitely worse by an ensuing oil price war between…
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April 2020 Consumer Price Index Report: A continuous rise in Inflation
The consumer price index, (CPI) increased by 12.34% (year-on-year) in April 2020. This is 8bps higher than the rate recorded in March 2020 (12.26%). This is the eighth consecutive month of increase since…
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Cashing In: How to Make Negative Interest Rates Work
By Ruchir Agarwal and Signe Krogstrup, IMF Blog / Image Credit: IMF Many central banks reduced policy interest rates to zero during the global financial crisis to boost growth. Ten years later, interest rates remain low in…
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Tracking Trade During the COVID-19 Pandemic
Most trade takes place by sea, and—for navigational safety purposes—virtually all cargo ships report their position, speed, and other information many times a day. A new IMF methodology using these data can help…
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Broad, Fast Action to Save Lives and Help Countries Rebuild
While the economic scale of the crisis grabs attention, and could even paralyze us, the human toll is even more pressing. Millions of lives in the poorest countries are on the precipice. The…
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Operational Lessons for COVID-19: What can we Learn from Past Outbreaks?
By JACOB BATHANTI and DEBRA LADNER / Image Credit: World Bank As COVID-19 (coronavirus) spreads around the world, governments and development organizations are thinking hard about how to respond effectively. Trajectories of the…
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Hunger Amid Plenty: How to Reduce the Impact of COVID-19 on the World’s Most Vulnerable People
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…
