Nigeria’s economic growth picked up to 2.5% y/y in Q2 as the damaging effects of a botched demonetisation process continued to fade, but this was partly offset by a larger drag from the oil sector. This pick-up is likely to be reversed over the coming quarter as the devaluation of the naira and fuel subsidy cuts push up inflation and weigh on activity.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.