In the previous week, major activities in the macro space tilted towards growth and fiscal balance. On growth, the IMF stated in its latest Article IV consultation for Nigeria that growth expectation for Nigeria is projected to come in at 1.5% in2021, lower than the 2.0% expectation by the CBN. Revised forecast by the IMF is based onpolicy inadequacy amid the threat of the second wave of Covid-19 infections. Also, the IMF believes that growth in Nigeria can only return to pre-COVID 19 era in 2022. On the fiscal side, the CBN revealed that FG’s fiscal deficit rose by N208.1bn to N620.5bn as of the end of November from N421.4bn at the end of October.
