The following represents a general Table of Contents outline for the Country Economic Forecast.
The actual report may cover any or all of the topics listed below.
Highlights and Key Issues
four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview
Forecast Table showing % changes for the country
with 2 years of historical data and 4 years of forecast data for the following:
Stockbuilding (% of GDP)
Exports of goods and services
Imports of goods and services
Current account balance (US$ and % of GDP)
Government budget (% of GDP)
Short-term interest rates (%)
Long-term interest rates (%)
Exchange rate (vs. US dollar)
Exchange rate (vs. euro)
two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts
Charts and Tables
covering a full range of economic developments relevant to the time period covered.
These could include such topics as:
Contributions to GDP growth
Monthly industrial output
Business and consumer confidence
Prices and earnings
Consumption and investment
Government balance and debt
GDP and industrial production
Monetary policy and bond yields
Background Information on the country
One or two pages of text covering the main historical political and economic factors that determine the country's current position
The Nigerian economy exited recession in 2017, growing by 0.8%, with some signs of a much-needed rebound in non-oil activity towards the end of the year. However, imports still severely depressed suggests that the impact of an improvement in FX liquidity on the non-oil economy remains subdued. Weak policy also represents a key downside risk to the growth outlook, but higher-than-anticipated oil output in Q1 serves to offset these risks. We have kept our 2018 GDP growth forecast unchanged at 2.6%, before rising to 3.2% in 2019 and 4.3% in 2020.