The year of the metal rat (i.e. 2020) is clearly not the year for the Nigerian consumer. A cross-current of declining incomes and rising prices implies that there is no robust consumer out there. Lending credence to this fact is the pessimistic response of the Q2’20 Consumer Expectations Survey (CES) which was attributed largely to…
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With the US Federal Reserve Bank poised to allow inflation moderately above 2%, interest rates in the US could remain low for as long as necessary to enable other economic areas in the US economy, such as the labour market, catch up. This decision will determine the price of borrowing and savings deposit rates, not…
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The use of Gross Domestic Product (GDP) as a measure of economic progress has been under fire by welfare economists in recent years as they postulate that GDP figures do not capture the adverse environmental effects of economic processes. Economic progress can be linked to the people’s prosperity and happiness and citizens of countries that…
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The same way COVID-19 symptoms are more severe in people with pre-existing health conditions, the resulting economic crisis is equally exposing and worsening financial vulnerabilities that have built up during a decade of extremely low rates and volatility. As such, cushioning the adverse economic impact of the coronavirus pandemic has been a front burner in…
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