Review of macroeconomic developments in the first half of 2019.
Nigeria Deposit Insurance Corporation,
Domestic economy pg.1; CBN monetary policy pg.6; Circulars and guidelines issued by CBN pg.7;
The macroeconomic performance in Nigeria in the first half of 2019 underperformed the last half of 2018. The global economic outlook was generally weaker in the first half of 2019 compared to that of 2018, that resulted from escalating global trade and technology tensions between United States and China, macroeconomic stress due to policy uncertainties and missteps in many countries, weakened global demand, engendered disinflationary pressures that exacerbated debt repayment and sustainability, as well as financial tightening in many areas such as tight credit in China and monetary policy normalization in advanced economies.