This report takes an overview of global economies and how they have coped with the coronavirus pandemic and the global economic outlook for 2021. The section also looks at African economies and how they will shape up to meet the challenges of 2021 as global supply chains become recoupled and international trade becomes gingerly restored.
The section dissects the Nigerian economy while delivering a few prognoses. It noted that opening closed land borders, improving domestic healthcare management, and creating supporting infrastructure could help to push up growth and reduce inflation rate uncertainty. According to the report, "The recent decline in the rate of contraction could be tied to the easing of restrictions on businesses, the reopening of international and domestic travels, and a resumption of wholesale and retail trading activities. The shift in the economic needle in the last three months reflects an expected rebound in businesses but still carries the threat of a pandemic-induced reversal accompanied by a potential fall in oil demand and prices".