Nigeria’s woe signals decoupling not in sight
Evidence of significant cross-country spillovers from the United States and other major trading partners to Nigeria points against the decoupling theory, new research from the International Monetary Fund posits.
The analysis shows that the global crisis led, in the case of Nigeria, to sharp declines in the value of oil exports, rapid depreciation of the exchange rate, and worsening investor sentiments in the banking sector. The research finds that the most dominant channel of spillovers from US
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