TAG: Economy
The fall in oil prices in 2014 shook markets around the world, but few have been hit as hard by the decline as Nigeria. However, after more than five quarters of contraction, the economy is now on the path to recovery. The first ever OBG Business Barometer: Nigeria CEO survey, which measured sentiment among more
than 100 chief executives and chairpersons during the course of 2017, highlights the high degree of confidence the country’s corporates have in the current rally, though there are still plenty of issues to tackle if Nigeria is to stoke growth to pre-2014 levels, or indeed higher.
The last quarter of 2017 surprised even the most optimistic observers. However, the positive performance of that period does not preclude a sense of uncertainty for 2018, a year that will likely prove decisive for the region.
Lima, January 2018: Despite the political challenges that faced Peru in 2017, the year ended on a positive note for Peruvian exports, the value of which reached $44.9bn, the highest figure since 2011. Continuing this upward trend, estimates for 2018 suggest a 13.2% increase on 2017 numbers.