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Commodities | |
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Wednesday,
February 19, 2020 /09:31 AM / By FDC / Header Image Credit: FDC Ltd
Nigeria's headline inflation jumped to a 21-month high
of 12.13% in January. Food inflation remained the major culprit, recording the
highest rate of change amongst the sub-indices.
The rising inflation trend, elevated external
imbalances and slow growth recovery informed IMF's decision to revise Nigeria's
2020 growth forecast downwards to 2% from 2.5%. The latest negative outlook on
Nigeria's economy is proof that the country is in dire need of policy reforms
to build its resilience against external shocks.
In the slides below, these issues and their impact
were discussed by analysts at the FDC Think Tank on Channels TV Business
Morning programme.
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