{"id":25814,"date":"2017-02-23T14:04:30","date_gmt":"2017-02-23T14:04:30","guid":{"rendered":"http:\/\/fdcng.com\/?p=25814"},"modified":"2017-03-06T20:05:26","modified_gmt":"2017-03-06T20:05:26","slug":"fdc-commodity-update-february-23-2017-rethe-naira-recovers-by-5-in-2-days-to-n495","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-commodity-update-february-23-2017-rethe-naira-recovers-by-5-in-2-days-to-n495\/","title":{"rendered":"FDC ECONOMIC BULLETIN – FEBRUARY 28, 2017 (Re: GDP growth rate indicates a point of inflection)"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Delayed stimulus package, budget squabbles, lower oil output and foreign exchange strictures have taken their toll on Nigeria\u2019s annual GDP which contracted -1.51%. The Q4\u201916 GDP numbers were better than expected at -1.3%.<\/p>\n

Going forward, we expect forex rate convergence, power output increase, targeted government spending and social intervention to have an impact on Q1\/Q2\u201917 GDP growth. The next MPC meeting in March could see the CBN take a more decisive step towards an accommodative stance following an improved (although still negative) GDP growth rate and a possible decline in headline inflation.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]

DOWNLOAD PDF<\/a><\/div> [\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text]Delayed stimulus package, budget squabbles, lower oil output and foreign exchange strictures have taken their toll on Nigeria\u2019s annual GDP…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25814"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=25814"}],"version-history":[{"count":2,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25814\/revisions"}],"predecessor-version":[{"id":25827,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25814\/revisions\/25827"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=25814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=25814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=25814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}