COVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery?

Must Read

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
- Advertisement -

In his recent presidential address on the COVID-19 outbreak, President Buhari ordered a ban on movements in Lagos, Ogun and the FCT for an initial period of 14 days with effect from 11 pm on Monday, 30th March 2020, to curb a further spread of coronavirus in the country.

Clearly, the lockdown will have a negative economic impact on Nigeria and its citizens. This
implies that domestic economic activities in Q1 and Q2 2020 may contract. However, with strict adherence to the lockdown as ordered by the President, economic recovery in the post-pandemic period may be “V-shaped”, with the trough in Q2 (lockdown period) and a quick recovery in H2. This is benchmarked on the Chinese experience. Specifically, China was able to ease its lockdown policy after 2 months, reviving economic activities in the country afterwards.

COVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand Spur

However, if poorly managed, Nigeria’s recovery may be “U-shaped” meaning that the recovery could be delayed until late 2020. More so, there is a considerable risk that the economy could be heading for a “W-shaped” recovery, meaning that the economy swings through a trajectory of ups and downs over a two year period due to domestic and global instability as countries around the world struggle to contain the virus at the same time. Give or take, our base case estimate sees economic activities rebounding in Q3 to early Q4 2020 on assumption that concerted effort of governments around the world will help flatten the curve of the outbreak over the next two months.

Read Also:  COVID-19 and the Informal Economy in Africa
- Advertisement -

United Capital Research

- Advertisement -
COVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand SpurCOVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Keystone Bank Rewards Its Verve Card Holders With Free Petrol

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand SpurCOVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand Spur

Latest News

Webb Fontaine Appoints New CEO

DUBAI, United Arab Emirates - EQS Newswire - 30 September 2020 - Webb Fontaine today announced that Alioune Ciss has...

COMAT launches 47 new IT courses, training grants available for Singapore Citizens & PR

SINGAPORE - Media OutReach - 29 September 2020 - The economic impact of COVID-19 has pushed unemployment rates to the nation's highest in more than a decade and is expected to climb...

Pak Hong Rehab Products Centre launches lightweight electric wheelchairs with thicker and safer front wheels

HONG KONG, CHINA - Media OutReach - 29 September 2020 - Renowned for multiple professional qualifications and internationally accredited products, Pak Hong Rehab Products Centre (hereafter Pak Hong) exclusively launches two electric wheelchairs,...

Lagos Ready To Deliver 4th Mainland Bridge – Sanwo-Olu (Photos)

A major step towards the realisation of the 4th Mainland Bridge was today, taken by the State Government with the first stakeholders meeting on...

FrieslandCampina WAMCO completes purchase of Nutricima’s dairy business.

The acquisition provides FrieslandCampina WAMCO with additional production capacity to meet the growing demand for locally produced evaporated milk and powder milk. In addition,...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -COVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand SpurCOVID-19 Economic Lockdown: What’s The Prospect Of Early Recovery? - Brand Spur