NOVA Economic Outlook H2 2020 – A Contraction Like Never Before
The outbreak of Covid-19 has reshaped the outlook across advanced, emerging and developing economies. Beyond any doubt, the impact will reverberate across economies, irrespective of the level of fiscal stimulus or monetary policy adopted to cushion the impact of the associated slowdown in economic activities. Particularly in Nigeria, the countries fragile fiscal and external positions have once again been exposed by the crash in crude oil prices, with the impact on the real sector requiring a material intervention which the fiscal and monetary authorities may struggle to provide.
The NOVA H2 2020 Economic Outlook communicates our understanding of global and domestic developments. It also clearly delineates our expectations of development in the Global Crude Oil Market, Domestic Economic Growth, Balance of Payment, Currency and Foreign Exchange Flows, Consumer Prices, Monetary Policy, Fiscal Policy and the Fixed Income Market.
The information contained in this web site reflects thoughts and opinions of NOVA Research Team only, and the firm is not soliciting any transaction based upon such information.
The contents of this website are for informational purposes only and may not reflect current financial developments or market conditions. You should not act or refrain from acting
on the basis of any content included in this web site without seeking financial or professional advice on the particular facts and circumstances at issue. NOVA Research Team reserves
the right to change any information contained herein without prior notice. The firm is not responsible for any third-party content that may be accessed through this web site.
The distribution or photocopying of the firm information contained on or downloaded from this site is strictly prohibited without the express written consent of NOVA Research Team.