NDIC Quarterly Vol. 35 No. 12 2020 Article Review of Macroeconomic Developments in q1 and q2 2020

dc.contributor.author	Nigeria deposit insurance corporation NDIC
dc.date.accessioned	2023-05-27T20:19:34Z
dc.date.available	2023-05-27T20:19:34Z
dc.date.issued	2020
dc.description	In Q2 2020, the COVID-19 pandemic continued from Q1, 2020 to cause unparalleled deteriorations in global economic activity due to lockdown and other social distancing measures. . The measures introduced to contain the spread of the terrible COVID-19 disease have been necessary, but have had severe economic and financial consequences. Global growth is projected at -4.9% in 2020 by the IMF, 1.9 percentage points below the April 2020 WEO forecast while global growth is projected at 5.4% in 2021 against 5.0% in the April 2020 WEO forecast. As with most other economies across the global, Nigeria's Gross Domestic Product (GDP) decreased by -6.10%(year-on-year) in real terms in the Q2 2020, ending the 3-year trend of positive but low real growth rates observed since the 2016/17 recession.
dc.description.abstract	2. Macroeconomic Conditions; 2.2 Domestic Economic Conditions; 3. CBN Monetary Policy and Circulars;
dc.identifier.uri	https://nigeriareposit.nln.gov.ng/handle/20.500.14186/657
dc.language.iso	en
dc.publisher	Nigeria Deposit Insurance Corporation
dc.title	NDIC Quarterly Vol. 35 No. 12 2020 Article Review of Macroeconomic Developments in q1 and q2 2020
dc.type	Article

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