Recession: IMF confirms Nigeria unable to meet recovery expectation
By Oak TV
03 May 2017 |
8:00 am
Recession: IMF confirms Nigeria unable to meet recovery expectation.
Related
Related
12 Apr
The $5.4 billion set for disbursement brings the total lent to the Latin American country under the Extended Fund Facility to $28.9 billion. Argentina is the target of the IMF's largest assistance program.
12 Apr
During its annual Spring Meeting in Washington, the International Monetary Fund has revised its forecasts upward to 7 percent for global inflation this year and 4.9 percent in 2024. Those figures, above the target rate of 2 percent, will be contributing factors in slowing down growth, including for developing economies.
14 Apr
Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions".
6 May
The IMF predicts that a third of the world economy will be in a recession next year. We compare the current economic downturn to the 2008 financial crisis to find out what is different this time.
25 May
Inflation has taken a heavy toll on the German economy, with consumers spending less on items such as food and clothing. To make matters worse, the outlook for the rest of the year isn't looking much brighter.
2 Jun
The West African nation has been under financial strain stemming from the rolling impact of the pandemic, the war in Ukraine, and a range of other global economic trends.
9 Jun
Two consecutive quarters of contraction have placed the eurozone economy into recession.
18 Jun
New data shows Chinese economic growth slowing, with property investment in steep decline and youth unemployment at a record high. Also, the US Federal Reserve confirms its "hawkish pause" policy, keeping interest rates steady for now but planning for more hikes. Finally, economists name an unlikely culprit for persistent Swedish inflation: Beyoncé.
25 Jun
In its Commercial Market Outlook 2023–2042, Boeing projected that the global fleet growth is likely to double-fold to reach more than 48,500 jets by 2042. This equates to growing 3.5% per year, signifying ample growth potential for aerospace forerunners in the industry.
2 Jul
The deal would provide much needed relief to Pakistan, which has been on the verge of default. The IMF board has yet to confirm the agreement.
4 Jul
The agreement should just be viewed as a "stopgap" that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts.
6 Jul
The past decade has seen an acceleration of medical research on LSD, a hallucinogenic substance discovered in the 1940s and banned 30 years later. In Switzerland, several clinics and hospitals now have permission to administer the drug to patients for depression or anxiety disorders, under strict supervision. But the enthusiasm surrounding the substance is such that some specialists are concerned about the risks of self-medication, particularly in Germany.
Latest
6 hours ago
Noureddin Bongo Valentin, the eldest son of ousted Gabonese president Ali Bongo, has been charged with corruption, embezzlement of public funds and money laundering. Several cabinet members were also indicted. Also in this edition: famine aid for Somalia is to be temporarily suspended after a UN probe found widespread theft and misuse of funds.
6 hours ago
The political crisis in Niger has disrupted aid efforts, the UN's humanitarian chief in the West African nation, Louise Aubin, told DW in an exclusive interview. The current wave of insecurity in Niger has also hampered the UN's aid operations there, Aubin added.
8 hours ago
The suspension of visa services is the latest tit-for-tat move following the murder of an Sikh activist in Canada. India's foreign ministry has confirmed the move.
8 hours ago
Zelenskyy's visit comes as many conservative Republicans are growing skeptical of US aid to Ukraine. Kyiv has been heavily reliant on weapons assistance from the West as it staves off Russia's invasion.
9 hours ago
In Northern Ghana, a social enterprise provides school kits and raincoats made from plastic waste. The all-women group is keeping children in school while helping the environment.
9 hours ago
The public began to demand answers as to why Sammy Larry has been bullying Mohbad. According to the artist's close friends, it was not the first time. It was reported that Naira Marley, Zinolesky and Sam Larry moved out of the country immediately after Mohbad's death, drawing suspicion of foul play on his death.