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Tag: intervention funds

‘How intervention funds will cushion rate of recession, sustain productive momentum’

‘How intervention funds will cushion rate of recession, sustain productive momentum’

Business
Business cycle is a feature of the economic growth process. Business cycles refer to fluctuations in output, which define whether an economy is in boom or burst. Both developed and developing economies have to contend with each phase of the cycle with distinct characteristics. The boom period is characterised by high gross domestic product (GDP) growth, increased investments and consumption, while negative growth, low savings and investment, with high unemployment are features of a burst cycle. Recession is a major feature of the bust cycle. Technically speaking, an economy is in a recession when the GDP growth is negative for two consecutive quarters. During a recession, there is a substantial slowdown in consumer spending with a concomitant decline in business activity. ...
Experts want government to create intervention funds for essential industries, others

Experts want government to create intervention funds for essential industries, others

Economy
To alleviate pains of COVID-19 on the citizenry, financial experts have urged the Federal Government to consider the provision of intervention funds to support essential industries/commodities such as rice, vegetables and related products. According to them, the measure would also enhance outputs and efficiency. The experts, while suggesting key fiscal measures that the federal government should consider within this period, said government should also develop economic stimulus packages for essential industries and commodities in their respective states. Specifically, experts from FSDH Securities Limited, said there is need to target specific non-oil products and industries for exporters to take advantage of the devalued exchange rate. “Key fiscal measures that Federal Governm...