Global growth was stable in H1 ’17 despite some developments which had capacity to disrupt earlier projections at the beginning of the year. Fortunately, the concerns were allayed as political developments helped to curtail some self-seeking intrigues. Chief amongst these intrigues were; emergence of Donald Trump as the President elect of US and his much-dreaded protectionist agenda, the expectation of Brexit trigger of Article 50, rising political upheavals in Brazil and Persian Gulf. Fallout- the European Union for instance is enjoying political stability not seen in years and her economy is strengthening.

The Persian Gulf descended into the worst political crisis in foreseeable years after several countries, led by Saudi Arabia, decided to sever diplomatic ties with Qatar abruptly in early June. They also closed all borders with the country and imposed trade and travel bans. Saudi Arabia and its allies have issued 13 demands for Qatar to end the political and trade blockade, including the shutdown of broadcaster Al-Jazeera and to scale down its ties with Iran. The U.S. role in the crisis has been controversial as President Donald Trump endorsed the blockade, while some U.S. officials encouraged further dialog.

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Economic Reports / Local News / Sector Reports

February 15, 2018

Economic Brief: Nigerian Inflation eases to 15.13% in January 2018

303 ViewsThe National Bureau of Statistics (NBS) today (Wednesday, February 14th, 2018) released the Consumer Price Index (CPI) for January 2018. Much lower than our estimate of 15.40%, the inflation index dropped to 15.13%...