World Bank Upgrades China’s 2025 Growth Forecast, Signals Slower Momentum Ahead
Global Macro Highlights World Bank Upgrades China’s 2025 Growth Forecast, Signals Slower Momentum Ahead The World Bank has raised its 2025 GDP growth forecast for China to 4.8%, up from its earlier estimate of 4.0%, despite ongoing trade tensions with the U.S. This upward revision is driven by stronger export performance, targeted government stimulus, and […]
Nigeria’s GDP Growth Hits 4.2%, Strongest in Four Years
Global Macro Highlights US Records 3.8% Growth in Q2 2025, Fastest Since Q3 2023 The Bureau of Economic Analysis (BEA) reported that the US economy expanded by 3.8% YoY in Q2:2025, outperforming expectations and marking its fastest pace of growth since Q3:2023. The acceleration was driven primarily by resilient consumer spending, which rose by 2.5% […]
Nigeria’s Inflation Eased to 20.1% in August, Boosted by Harvest and Stable FX
Global Macro Highlights Fed Cuts Rates Amid Cooling Labor Market Despite Inflation Pressures The U.S. Federal Reserve (Fed) cut its benchmark rate by 25bps. The decision came despite a mild uptick in headline inflation, which rose to 2.9% YoY in August (vs. 2.7% in July), largely driven by higher food prices (3.2% vs. 2.9%), while […]
Nigeria’s Trade Surplus Hits 3-Year High in Q2:2025
Global Macro Highlights Rising U.S. Food Costs Push Inflation Higher, Boosting Odds of Fed Rate Cut U.S. consumer prices rose by 0.4% MoM in August, the highest increase since January, lifting headline CPI to 2.90% YoY. The surge was driven by food costs (+0.5% MoM, +0.6% in supermarkets) with food inflation accelerating to 3.20% YoY […]
Nigeria, China Seal $2bn Deal to Boost Marine and Blue Economy
Global Macro Highlights US Job Market Weakens Further, Fueling Fed Rate Cut Expectations The US labour market weakened further in August, as nonfarm payrolls rose by just 22,000 versus 80,000 expected. June was revised to show the first net job loss since 2020 (-13,000), while unemployment climbed to 4.30%, the highest since 2021. Hiring was […]
Nigeria’s Oil Output Hits 1.7mbpd in July, Meets OPEC Quota but Trails Budget Benchmark
Global Macro Highlights U.S. GDP Grows 3.3% in Q2 2025, Powered by AI-Driven Investments According to the Bureau of Economic Analysis, U.S. GDP expanded 3.3% in Q2:2025 (vs. 3.0% in Q2 and a 0.5% contraction in Q1). This was supported by stronger business and consumer activity. Real Gross Domestic Income advanced 4.8% (vs. 4.6% in […]
Nigeria’s Reserves Cross $40bn, Boosting Naira Stability
Global Macro Highlights U.K. Inflation Surges, Rate Cuts Face Roadblocks U.K inflation rose to a 12-month high of 3.80% YoY in July 2025 (vs 3.60% in June). MoM prices grew 0.10% (vs 0.30%), while core inflation edged to 3.80% from 3.70%. The rise was driven by transport costs, with airfares up 30.20%, plus higher food […]
Nigeria’s Inflation Eases to 21.9% in July, But Monthly Pressures Persist
Global Macro Highlights U.S. Inflation Steadies at 2.7% in July, Core CPI Climbs to 5-Month High According to the Bureau of Labour Statistics, U.S. CPI held at 2.7% YoY in July, rising 0.2% MoM (vs. 0.3% in June), driven mainly by shelter costs (+0.2%). Food inflation stayed at 2.9% YoY, while energy prices fell further […]
Nigeria Enacts Landmark Insurance Reform to Boost Transparency, Resilience, and Investor Confidence
Global Macro Highlights U.S. Trade Deficit Shrinks to $60.2bn in June on Steep Drop in Imports The U.S. Census Bureau and the Bureau of Economic Analysis reported that the country’s goods and services trade deficit narrowed sharply in June 2025, coming in at USD60.2bn, down from USD71.7bn in May 2025. The improvement was primarily driven […]
IMF Upgrades Nigeria’s Growth Forecast Amid Oil Gains & Reform Progress
Global Macro Highlights U.S. Revives Tariffs, Global Trade Faces New Jitters Amid Fragile Recovery This week, the United States reinstated tariffs ranging from 10.0% to 50.0% on imports from 69 countries under former President Trump’s revived reciprocal trade policy. A baseline tariff of 10.0% was imposed on goods from the United Kingdom, while Canada faced […]