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Gifted Analysts

Research and Analytics

Recovery

A Hobbled Recovery Along Entrenched Fault Lines

By Abdulazeez KurangaPosted on Posted in Africa & World EconomyTagged , , , , , , , , No Comments on A Hobbled Recovery Along Entrenched Fault Lines

The global recovery continues but momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer than expected supply disruptions, feeding inflation in many countries. Overall, risks to economic prospects have increased and policy trade-offs have become more complex.

Managing Divergent Recoveries

By Sheriffdeen AdeotiPosted on Posted in Africa & World EconomyTagged , , , , , , No Comments on Managing Divergent Recoveries

It is one year into the COVID-19 pandemic and the global community still confronts extreme social and economic strain as the human toll rises and millions remain unemployed. Yet, even with high uncertainty about the path of the pandemic, a way out of this health and economic crisis is increasingly visible. Thanks to the ingenuity of the scientific community hundreds of millions of people are being vaccinated and this is expected to power recoveries in many countries later this year. Economies also continue to adapt to new ways of working despite reduced mobility, leading to a stronger than anticipated rebound across regions. Additional fiscal support in large economies, particularly the United States, has further improved the outlook.

In our latest World Economic Outlook, We are now projecting a stronger recovery for the global economy compared with our January forecast, with growth projected to be 6 percent in 2021 (0.5 percentage point upgrade) and 4.4 percent in 2022 (0.2 percentage point upgrade), after an estimated historic contraction of -3.3 percent in 2020.

[Archive] From Recession to Growth: The Story Of Nigeria’s Recovery from the 2016 Economic Recession

By Abdulazeez KurangaPosted on Posted in EconomyTagged , , , , , , , , No Comments on [Archive] From Recession to Growth: The Story Of Nigeria’s Recovery from the 2016 Economic Recession

Being a Paper presented by Godwin I. Emefiele, Governor, Central Bank of Nigeria at the Special Convocation of the University of Nigeria, Nsukka, on Friday, May 17, 2019 at the Princess Alexandra Auditorium, University of Nigeria, Nsukka, Enugu State

Next Phase of the Crisis: Further Action Needed for a Resilient Recovery

By Aminu MusaPosted on Posted in AgenciesTagged , , , , , , No Comments on Next Phase of the Crisis: Further Action Needed for a Resilient Recovery

When G20 finance ministers and central bank governors last met in April, the world was in the midst of the Great Lockdown forced by the outbreak of COVID-19. As they meet virtually this week, many countries are gradually reopening, even as the pandemic remains with us. Clearly, we have entered a new phase of the crisis—one that will require further policy agility and action to secure a durable and shared recovery.

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