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Beyond Nigeria’s GDP numbers: Is it icing on the cake or the cake itself?
According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) rose by 3.54% y/y in real terms in the second quarter of 2022 (Q2-2022). This shows that the economy expanded…
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Nigeria’s inflation rate hits 19.64% in July 2022, the highest in 17 years
An examination of the NBS inflation data shows that this is the highest since September 2005 when the inflation rate hit 24.32% year-on-year. On a month-on-month basis, the headline inflation rose by 1.82%…
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Taming Market Power Could (also) help Monetary Policy
Some central banks are currently debating whether to tighten monetary policy to fight inflationary pressures, after having eased decisively in response to the COVID-19 shock. In making such decisions, central bankers have to…
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How “Chaos” In the Shipping Industry Is Choking The Economy
On both land and at sea, the entire supply chain is struggling to keep up. In the Pacific Northwest, it’s become such a clusterfest that the U.S. Coast Guard has been redirecting boats…
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Why Soaring Stocks Could Be Bad News For The Economy
While it’s had some ups and downs, the stock market has soared to historic heights in recent years. For many, that’s great news: it’s a sign that the economy and their retirement accounts…
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104 days of Bidenonomics
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…
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Why Reopening Isn’t Enough To Save The Economy
This article provides key insights of a blockbuster study that was dropped late last week by a gang of economists led by Harvard's Raj Chetty.
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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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The Biggest Gainers in the Coronavirus Economy
As a result of the outbreak of COVID-19, countries have restricted the movement of its citizens. In California, the residents have been advised to stay at home and only can go out when…
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The Much Damages Coronavirus has Done to the Global Stock Market
In the global stock market, the impact has been overwhelming as investors rally around to look for safe havens. The DOW-Jones, S&P 500 and NASDAQ have all entered into the bear market as…
