The price of Brent crude oil has dropped below $70 per barrel for the first time since December 2021, raising concerns about a global economic slowdown. This steep decline in oil prices is expected to put additional pressure on the Nigerian naira, which has recently depreciated to N1,600 per US dollar. EKO HOT BLOG gathered … Read more
The IMF cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year Key among concerns is the fallout from the Ukraine war including the potential for Russia to cut off natural gas supplies to Europe EDITOR’S PICK NLC Issues … Read more
The World Bank cut its global economic growth forecast for this year by almost a full percentage point, to 3.2% Malpass also said that many European countries were still too dependent on Russia for oil and gas EDITOR’S PICK Ukraine War: West Must ‘Prepare For War’, Says Ex-Nato Chief As Putin Unleashes Cruise Missiles In … Read more