Economic Slowdown – Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020)

Must Read

Benefits Of Face Steaming And How To Do It At Home

Face steaming is one of the hottest skincare trends of the past few years. You can see celebrities and...

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 -

Nigerian manufacturers are mostly anxious about two things today:

  1. How long will the pandemic lockdown continue before demand for my products recover? (X) – Unknown
  2. When will the exchange rate unification take place and what will the value of the naira be in the forex market after this? (Y) – Unknown

When the Unknown Unknowns (Y) are greater than the Known Unknowns (X), according to Donald Rumsfeld, the result is investor uncertainty and economic paralysis.

The good news is that fears of an exchange rate erosion of the Naira may be grossly exaggerated and investors ‘have nothing to fear but fear itself’ (Franklin Roosevelt). In this edition, our slides on the economics of the exchange rate adjustment explain why the naira will not crash as widely feared by investors.

Perplexed Nigerians

A perplexed man feels baffled, puzzled, confused and full of uncertainty. Conflicting news of an imminent recession (-2.5% in Q2) and the recent jump in PMI (up 24.5% to 53.9pts) has left Nigerians unsure of what next to expect.

The swift response of policymakers to the crisis is laudable but there is still a long road to economic recovery. In other words, there is no quick fix or silver bullet. Perplexed Nigerians have however since transitioned from denial to acceptance and now anxiously await the outcome of the different policy initiatives (Economic Sustainability Plan).

Read Also:  Cfao Motors Re-Introduces Suzuki Vehicles Into The Nigerian Market
- Advertisement -

Interestingly, the swift 18% increase in the pump price of petrol on July 1 st confirms the policy maker’s determination to respond adequately and speedily to a dynamic macroeconomic situation.

In this edition of the LBS Breakfast Session, Bismarck Rewane and the FDC Think Tank demystify the myths about the exchange rate movement and its impact on your business and portfolio strategy.

Download the Economic Slowdown – Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020)

- Advertisement -
Economic Slowdown - Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020) - Brand SpurEconomic Slowdown - Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020) - 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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

Economic Slowdown - Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020) - Brand SpurEconomic Slowdown - Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020) - Brand Spur

Latest News

Amaten Poised to Become Global Leader in Digital Gift Cards Following A Striking $100 Million in Sales

Leading Japan with 60% market share, Amaten to become the next Amazon in the gift card industry, estimated to...

Boutir Launches “Your online store solution from a mobile phone” New TV Ad Campaign

HONG KONG, CHINA - Media OutReach - 11 August 2020 - Boutir, a social mobile commerce solution and multi-channel commerce platform provider, has produced a new TV commercial series...

Dettol wins the Outstanding Community Service in Personal Hygiene of Health Partnership Award 2020 in Hong Kong

HONG KONG, CHINA - Media OutReach - 10 August 2020 - RB Hong Kong is proud to announce Dettol received the Health Partnership Award 2020 that recognized...

Online gifting retailer Flower Chimp observe sales spike amidst the new normal

SINGAPORE - Media OutReach - 10 August 2020 - In 2020, with uncertain times taking the world by a storm, many businesses have fallen victim to the pandemic and...

FMDQ Exchange lists United Capital PLC and LAPO MFB SPV PLC Bonds

Local Capital Markets Provide Succour to Nigerian Corporates Amidst COVID-19 Recovery as FMDQ Admits New Debt Securities to its Platform As corporates and organisations spring...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Economic Slowdown - Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020) - Brand SpurEconomic Slowdown - Quick Response But No Quick Fix (LBS Executive Breakfast Session – July 2020) - Brand Spur