Economic Alert| Nigeria’s Q4 2020 GDP: Are we out of the woods?

Click here to unsubscribe. pwc.com/ng   Economic Alert| Nigeria’s Q4 2020 GDP: Are we out of the woods? Dear Subscriber We’re delighted to share our latest Economic Alert, Nigeria’s Q4 2020 GDP: Are we out of the woods yet? In real terms, Nigeria’s economy expanded by 0.11% year-on-year in Q4 2020 compared to -3.62% and 2.55% recorded in Q3’2020 and Q4’2019 respectively. The growth rate officially signaled Nigeria’s exit from the recession of the last two quarters. Despite this, full year 2020 growth stood at 1.92% (2019: 2.27%), though significantly lower than the -3.5% projected by the IMF in its World Economic Outlook January 2021 report. There are emerging risks which could threaten the economic recovery, including, a new wave of Coronavirus; OPEC agreement; widespread insecurity; and foreign exchange illiquidity. PwC has identified the top 10 themes that will shape Nigeria's economy in 2021. Some of which include, Unlocking dead assets; Harnessing the power of the diaspora; and Driving export growth through services. For more insights, click the download button below to read the economic alert. Download here Contact Us Andrew S. Nevin, PhD Partner & Chief Economist andrew.x.nevin@pwc.com Omomia Omosomi Manager/Economist omomia.omosomi@pwc.com Follow us         You’re receiving this email because you are listed as a client of PwC or have opted to subscribe to one or more of our email distributions. If you’d prefer not to receive updates, you have the right to withdraw your consent at any time. © 2001 - 2020 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. Legal Disclaimer | Site Provider | Privacy Statement

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