Nigeria’s 2020 Economic Outlook Report has been released by a leading pan-African investment banking group, United Capital Plc.
According to information obtained by The AM News, the report contains several projections for the Nigerian economy. These projections will be determined by events in the global, regional and local events in addition to projected growth levels of the country’s economy at intervals throughout the year based on extensive research.
The publication is aimed at seasoned investors and Nigerians looking for a guide as to what to expect in the year. The report, tagged “A Different Playing Field“ carefully considers events in the international economic environment, including the effects of the US-China trade wars on the global economy, as well as piecing together the stance of the world’s biggest central banks from their decisions over the course of 2019.
It takes these parameters into consideration, (combined with local happenings on the political and economic policy scene) to project the nature and movement of the economy in 2020.
Speaking on the report, the Group CEO, United Capital Plc, Peter Ashade, stated that “the underlying theme of the outlook report for this year changes. “Changes in key indicators, such as oil prices, the status of the US-China trade war, domestic fiscal and monetary policy environment”.
The AM News learnt that these changes will vary the investment landscape of Nigeria in 2020.
These include the unconventional policy measures to be taken by the apex bank, as well as a review of the fiscal policy framework in Nigeria, also informed the theme of our outlook report this year: a different playing field.
Many events this year could slightly change the predictions, he said.