This growth, post-election economic reforms, modest gains in the equities market and higher interest rates were among the key messages in the FBNQuest Research 2023 Outlook report published recently.
With respect to non-oil sector growth, the report points out that non-oil GDP growth had averaged 4.7 per cent year in/year out over the past eight quarters up to the fourth quarter of 2022, compared to 0.4 per cent in the previous eight quarters. Commenting on the outlook for 2023, Head Research, Macroeconomics and Fixed Income at FBNQuest, Tunde Abidoye, said that the transition of power and the commencement of the new administration will set the tone for the second half of the year, as the new government is expected to implement reforms that will stimulate growth and investment.
Mad people everywhere
When?