FAAC meeting, IMF economic outlook... 7 things to track in business this week

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FAAC meeting, IMF economic outlook… 7 things to track in business this week | TheCable

July 25, 2022 7:10 AMTIME FOR FAAC

This week, the federal account allocation committee will present national expenditure and revenue for June.Advertisement Over the past months, Nigeria has witnessed a decline in revenues accrued into the federation accounts due to low oil production and huge subsidy payments.International Monetary Fund will, on Tuesday, release the World Economic Outlook update.In its April outlook, IMF highlighted that the war in Ukraine triggered a costly humanitarian crisis demanding a peaceful resolution.

It added that war-induced commodity price increases and broadening price pressures have led to 2022 inflation projections of 5.7 percent in advanced economies and 8.7 percent in emerging markets and developing economies — 1.8 and 2.8 percentage points higher than projected last January.to enable the export of millions of tons of grains needed across the world.

The deal hopes to restart grain exports from Ukraine’s Black Sea ports that have been blocked since Russia’s invasion and ease the ravaging

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All the meeting way dey dey do 8 years.... The outcome na the same... This meeting is not necessary.....

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