IMF Trims Nigeria Economic Growth Outlook to 3% for 2024
Key Insights IMF lowered Nigeria’s economic growth forecast for 2024 to 3.0% from 3.1% projected in October Revision part of…
China Injects $139 Billion in Bank System to Revive Slowing Economy
Key Insights China cutting bank reserve requirements by 50 bps starting Feb 5, releasing $139 billion into financial system. Move…
Bloomberg Analysts Predict Further Naira Devaluation in 2024
Key Insights Naira hits new record low beyond ₦1,043 per dollar, poised for worst yearly performance since 1999 55% currency…
UK Inflation Plunges to 4.6%, Lowest in Over 2 Years
Key Insights UK consumer inflation fell sharply to 4.6% annually in October, down from 6.7% in September. The larger than…
U.S. Treasury Yields Tick Up as Investors Assess Monetary Policy Path
Key Insights U.S. Treasury yields saw a slight increase as investors awaited comments from Federal Reserve officials to gain insight…
Fed Holds Rates Steady But Signals Prolonged Hiking Campaign Ahead
Key Insights The Federal Reserve left interest rates unchanged at 5.25-5.5% after recent aggressive hikes to combat inflation. The Fed…
Euro Zone Inflation Drops to 2-Year Low as Economy Shrinks
Key Insights Euro zone inflation dropped to a 2-year low of 2.9% in October, easing from 4.3% the previous month…
Three Risks Threatening the U.S. Economy and Stock Market
Key Insights Despite a divided stock market, the US economy is experiencing strong growth, with Q3 GDP estimates exceeding 5%…
Inflation in the UK Remains High at 6.7% for September
Key Insights UK inflation remained at 6.7% in September, in line with expectations and unchanged from the previous month. Food…
IMF Upgrades Russia’s 2023 Economic Growth Forecast, Cautions on 2024
Key Insights The IMF has raised its 2023 economic growth forecast for Russia to 2.2%, a significant increase from the…