{"id":25968,"date":"2017-05-24T06:58:55","date_gmt":"2017-05-24T06:58:55","guid":{"rendered":"http:\/\/fdcng.com\/?p=25968"},"modified":"2017-05-24T06:58:55","modified_gmt":"2017-05-24T06:58:55","slug":"fdc-economic-bulletin-may-23-2017-re-nigerias-real-gdp-shrinks-0-52-in-q1","status":"publish","type":"post","link":"https:\/\/fdcng.com\/fdc-economic-bulletin-may-23-2017-re-nigerias-real-gdp-shrinks-0-52-in-q1\/","title":{"rendered":"FDC ECONOMIC BULLETIN &#8211; MAY 23, 2017 (Re: Nigeria\u2019s Real GDP Shrinks 0.52% in Q1 )"},"content":{"rendered":"<p>[vc_row][vc_column]<div class=\"gem-button-container gem-button-position-inline\"><a class=\"gem-button gem-button-size-small gem-button-style-flat gem-button-text-weight-normal\" style=\"border-radius: 3px;background-color: #ddbd89;color: #ffffff;\" onmouseleave=\"this.style.backgroundColor='#ddbd89';this.style.color='#ffffff';\" onmouseenter=\"this.style.backgroundColor='#ddccaa';this.style.color='#000000';\" href=\"http:\/\/fdcng.com\/wp-content\/uploads\/2017\/05\/FDC-Economic-Bulletin-May-23-2017.pdf\" target=\"_blank\">Download PDF<\/a><\/div> [\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Although the directional movement of GDP growth in the first quarter of 2017 was in line with market consensus, the magnitude still underperformed expectations.<\/p>\n<p>Nonetheless, the pace of contraction in the economy slowed to -0.52% in Q1\u201917 through the combined impact of the oil and non-oil sectors.<\/p>\n<p>A breakdown of the GDP numbers shows recovery across board. However, what remains troublesome is the persistent decline in the agriculture sector. The sector slowed to 3.39% in Q1\u201917 from 4.03% recorded in the previous quarter. This, coupled with the rise in naira illiquidity in the market, could undermine recovery and growth targets.<\/p>\n<p>In the attached\u00a0bulletin, the FDC Think-Tank discusses its take on growth movements and the outlook for the next quarter.<\/p>\n<p>Do enjoy your read&#8230;[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Although the directional movement of GDP growth in the first quarter of 2017 was in line with market consensus, the&#8230;<\/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\/25968"}],"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=25968"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25968\/revisions"}],"predecessor-version":[{"id":25969,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/25968\/revisions\/25969"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=25968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=25968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=25968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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