The GDP of the United States of America contracted by 1.4% in the first quarter of 2022, representing a sharp fall from the 1.7% growth (6.9% annualized) recorded in Q4 2021. On the other side of the divide, the Russian ruble appears to be strengthening despite severe pushback in the shape of the toughest economic sanctions ever imposed on a country.
Here at home, the exchange rate between the naira and US dollar closed at N419/$1 on Friday compared to N418.33/$1 recorded as of the close of trading activities in the previous week.
Nairametrics compiles a list of notable events across macroeconomy, equities market, regulators, and the crypto market that made the headlines during the week.
The Research Team at Nairametrics meticulously monitors, gathers, curates, and administers an extensive repository of both macroeconomic and microeconomic data originating from Nigeria and across Africa. Utilizing a variety of presentation formats—including documents, tables, and charts—our analysts disseminate key findings through the Nairametrics platform. Additionally, we regularly release insightful, research-driven articles that offer in-depth analyses of economic trends and indicators.
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