FCSL WEEKLY REPORT-14TH FEB, 2020

Global Economy –Rundown:
According to the recent revised Global economic outlook for 2020, as conducted by Economic Intelligence Unit, estimate the world economy to grow by 2.2%, which represent a 0.1 percentage point decline from the earlier projection of 2.3% economic growth, this review was spurred by the epidemic ravaging china and other part of the world that have reported the outbreak of the deadly coronavirus.
Domestic Economy –Rundown:
African Development Bank has challenged the World Bank calls that the continent debt portfolio exposure indicate possible systematic risk in event that unexpected economy striven occur, the World Bank’s view of potential systematic risk arising from debt reliance of the continent was based on the fragile revenue base of most countries, which portend possible threats.
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