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Inflation pushed seven million Nigerians below poverty line – W'Bank


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Published 16 June 2021
The World Bank has said rising prices pushed about seven million Nigerians below the poverty line in 2020.
This was contained in a press statement titled ‘Critical reforms needed to reduce inflation and accelerate the recovery, says new World Bank report’ released by the bank’s Senior External Affairs Officer for Nigeria, Mansir Nasir, on Tuesday.
The press statement was released in line with the latest World Bank Nigeria Development Update.
The bank said the Federal Government took measures to protect the economy against a much deeper recession, adding that it was recommended that certain policies should be set for a strong recovery. ....

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Pakistan's Economy Shows Signs of a Nascent Recovery - Pakistan


Pakistan’s Economy Shows Signs of a Nascent Recovery
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ISLAMABAD, April 6, 2021 - Notwithstanding, the recent rise in COVID cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism, according to a new World Bank report.
Pakistan s economic growth is expected to reach 1.3 percent in FY2021 and strengthen to an average of 2.7 percent for FY2022-23, according to the
Pakistan Development Update released today. The baseline economic growth forecast, however, is highly uncertain, especially given the third and more-contagious wave of the pandemic currently circulating in the country.
Private consumption is estimated to have picked up over July to December 2020, in part due to the record increase in remittances inflows, social assistance support from the ....

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