• About Us
  • Terms & Conditions
  • Contact Us
Saturday, June 10, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    EU member states agree on deal to overhaul key asylum and migration laws

    EU member states agree on deal to overhaul key asylum and migration laws

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    BREAKING: DSS arrests Emefiele after suspension

    Emefiele to be let in without arrest, expected to resign

    BREAKING: Tinubu suspends Emefiele as CBN governor

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    EFCC arrests 52 suspected internet fraudsters in Ogun

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    22,500 children died in Lagos due to air pollution in 2021— LASEPA

    Lagos belongs to Yorubas; lawmakers will pass new ‘property laws, reverse all the reversible to protect indigenes’ interest’: Speaker Obasa

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of 2023 Budget parameters, revenue estimate, expenditure, fiscal balance

    2023 Budget: List of most expensive Zonal Intervention Projects by FG, states with highest allocation

    How to obtain foreign currency from Teller Points at Bank branches

    We did not devalue Naira – CBN

    How to obtain foreign currency from Teller Points at Bank branches

    CBN Devalues Naira to 630/US$1 at the I&E Window – Reports

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.03% as Union Bank loses 8.86%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI Declined by 0.03%, as volume traded declined by 18.87%

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond interest rates slide in June

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    BUA Cement Plc gets $500 million loan facility from IFC and partners

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    EU member states agree on deal to overhaul key asylum and migration laws

    EU member states agree on deal to overhaul key asylum and migration laws

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    BREAKING: DSS arrests Emefiele after suspension

    Emefiele to be let in without arrest, expected to resign

    BREAKING: Tinubu suspends Emefiele as CBN governor

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    EFCC arrests 52 suspected internet fraudsters in Ogun

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    LASTMA debunks report of Sanwo-Olu banning arrest of motorists

    22,500 children died in Lagos due to air pollution in 2021— LASEPA

    Lagos belongs to Yorubas; lawmakers will pass new ‘property laws, reverse all the reversible to protect indigenes’ interest’: Speaker Obasa

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    Bolt, Uber drivers, others begin nationwide strike, demand 200% increment in fares

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    U.S knew of Ukraine’s plan to attack Nord Stream pipeline – Media Report

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Details of 2023 Budget parameters, revenue estimate, expenditure, fiscal balance

    2023 Budget: List of most expensive Zonal Intervention Projects by FG, states with highest allocation

    How to obtain foreign currency from Teller Points at Bank branches

    We did not devalue Naira – CBN

    How to obtain foreign currency from Teller Points at Bank branches

    CBN Devalues Naira to 630/US$1 at the I&E Window – Reports

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Senate sits on Saturday, increases Ways and Means borrowing from 5% to 15%

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    BREAKING: CBN raises interest rate to 18.5% amid rising inflation

    JUST IN: Nigeria’s inflation rate hits 19.64% – highest since 2005.

    Inflation rate hits 22.22% in April, highest in 14 years

    Telcos kick as FG plan 12.5% call tax

    FG re-introduces 5% excise duty on telecom services in new fiscal policy

    Headline Inflation in Nigeria rose to 22.04% in March

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 0.03% as Union Bank loses 8.86%

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI Declined by 0.03%, as volume traded declined by 18.87%

    Again DMO offers N360 billion FGN bond for February

    FGN Savings Bond interest rates slide in June

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    The NGX- ASI gained 5.22% on bullish performance

    FY 2020: Unilever Nigeria Plc remains in loss despite revenue growth

    The NGX- ASI increased by 0.48% as Unilever gained 9.70%

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI increased by 0.35% despite negative market sentiment

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Gained 0.31% as NB rose another 9.63%

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    The NGX- ASI Increased By 0.36% as NB rises 9.97%

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Lasaco Assurance Plc to pay Dividend of 15 kobo to Shareholders for 2022 FYI

    Equities Market Recorded Gains… As NGX-ASI Grows Marginally By 0.02%

    BUA Cement Plc gets $500 million loan facility from IFC and partners

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    FBN Holdings Plc announces 50 kobo final Dividend for 2022 Financial Year

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    First Bank’s parent company reports N136.3bn profit for 2022, to pay dividend

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Nigerian Breweries presented offer to acquire Chamdor and Amarula producer

    Breaking: NNPC releases statement on fuel price adjustment

    Breaking: NNPC releases statement on fuel price adjustment

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Oando kicks-off test of electric vehicles for mass transportation in Lagos

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat extends, revises Mobil Producing Nigeria purchase deal

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

Global Economy: World Bank Projects Global Growth to Rebound 4.0% in 2021, on the back of Vaccine Rollouts

Weekly Market Review

Saturday, 9 January 2021, 5:00 am
in News, World
0
World Bank Group Entities Issue Financial Statements for FY20 ended 30 June 2020
Share Share Share Share Send as Email

(Greenwich Merchant Bank): The World Bank (WB) in its Global Economic Prospects report released on the 5th of January 2021, projected that global economy in 2021 will grow by 4.0%, after an estimated 4.3% contraction in 2020. This is expected to be accompanied by a moderated 3.8% expansion in 2022. This 2021 forecast remains 5.3% below the pre-pandemic growth levels due to the resurgence in COVID-19 cases, and 2.0% less than the June 2020 forecast.

The considerations for these projections are premised on the ongoing vaccinations and the gradual improvement in consumer confidence and trading activities in some nations.

Notwithstanding, the Washington-based lender acknowledged that the prospect for global economic recovery is uncertain, as there are possible occurrences of certain downside risks arising from the lingering clutch of the COVID-19 pandemic, which may further impair this recovery.

Read: Brent Crude (Oil) price hit $55.00 a barrel, an 11 month high as Saudi Arabia pledge output cut

Some of these risks include the worsening of the pandemic where control measures fail; delays in the procurement and distribution of vaccines; and heightened financial stress, courtesy of the increase in debt levels among Emerging and Developing Economies (EMDEs).

Consequently, it projected that in such circumstances, global growth would be subdued and will grow at 1.6% in 2021, and 2.5% in 2022, noting that in more severe circumstances, global growth may print negative.

With respect to Advanced Economies, their growth prospects from the estimated shrinkage of 5.4% in 2020, is 3.3% and 3.5% in 2021 and 2022, respectively. This recovery is on the basis of the effective control of the pandemic supported by widespread vaccinations and the sustained monetary policy accommodations.

Read: Tesla stock will collapse like the housing bubble – ‘Big Short’ investor Michael Burry predicts

In the U.S., GDP is projected to grow by 3.5% in 2021, from the estimated 3.6% dip in 2020, and 3.3% in 2022. Also, the Eurozone is expected to rise from the estimated 5.3% plunge in 2020 to 3.6% and 4.0% in 2021 and 2022 accordingly.

In the EMDEs, recovery is expected to be uneven with China being an outlier having a strong rebound, while due to the overreaching effects of the pandemic on investments and consumption, a softer than expected growth is anticipated in other economies.

This unevenness arises from the dip in the per capita incomes of more than 90% EMDEs and the increasing poverty levels, as a result of the pandemic. Thus, from the estimated decline of 2.6%, EMDEs’ growth is forecasted to firm up to 5.0% in 2021 followed by a 4.2% expansion in 2022.

Read: WhatsApp’s New Policy: Signal and Telegram demand spike as WhatsApp download falls

However, with the exclusion of China, the EMDEs are expected to post a muffled growth of 3.4% and 3.6% in 2021 and 2022, respectively. China’s GDP on the other hand is projected to grow from the estimated 2.0% in 2020 to 7.9% in 2021 and 5.2% in 2022.

With the ongoing COVID-19 vaccines rollout which is simultaneously taking place in more than 20 countries and plans for other countries to commence same, we anticipate an upbeat in global economic recovery particularly as the Central Banks are implementing accommodative monetary and fiscal policies.

Nevertheless, as stringent lockdown measures are implemented across nations due to the resurgence in COVID-19 cases and its new variant which is about 70% more transmittable, it is a no-brainer that this pandemic will leave a lasting impact on the global economy.

As such, we anticipate that global growth may be less-than-expected if adequate measures, particularly those relating to sustainable health (increased widespread procurement and effective deployment of vaccines), fiscal and monetary measures are not effectively implemented by policymakers. Accordingly, the need for economies to build structures that would guarantee a sturdier post-COVID-19 economy across nations is pivotal to global growth in these uncertain times.

Related Posts:

  • Global Economy: The New Strain of COVID-19 Threatens the Vaccine-Fuelled Economic Rebound of Nations
    Global Economy: The New Strain of COVID-19 Threatens the…
  • Global Economy: OECD Revises Global Outlook as COVID-19 Vaccine Raises Expectations
    Global Economy: OECD Revises Global Outlook as COVID-19…
  • Global Economy: Growth Roars Back in China, Amid a Slowdown in Consumption
    Global Economy: Growth Roars Back in China, Amid a Slowdown…
  • Global Economy: Stronger Growth in Oil Prices Pushes U.S Inflation to the Highest Since August
    Global Economy: Stronger Growth in Oil Prices Pushes U.S…
Previous Post

Tesla stock will collapse like the housing bubble – ‘Big Short’ investor Michael Burry predicts

Next Post

Domestic Economy: The 2020 Finance Bill Signed into Law and Effective 1st January

Next Post
Exchange rate to remain at N360/$1 until 2023: MTEF/FSP report

Domestic Economy: The 2020 Finance Bill Signed into Law and Effective 1st January

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

Buhari to unveil new naira notes Wednesday — no longer Dec 15

BREAKING: DSS arrests Emefiele after suspension

Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

Tinubu is my president, never knew he’s so intelligent – Abia Labour Party Rep-elect

Emefiele to be let in without arrest, expected to resign

BREAKING: Tinubu suspends Emefiele as CBN governor

How to become a distributor of Dangote Cement

How to become a distributor of Dangote Cement

EU member states agree on deal to overhaul key asylum and migration laws

EU member states agree on deal to overhaul key asylum and migration laws

Buhari to unveil new naira notes Wednesday — no longer Dec 15

BREAKING: DSS arrests Emefiele after suspension

Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

Q3 2023 Earnings: Linkage Assurance Plc forecasts N1.25bn Profit after Tax

Emefiele to be let in without arrest, expected to resign

BREAKING: Tinubu suspends Emefiele as CBN governor

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist