2012-09-05 09:49:09 - Nigeria Business Forecast Report Q2 2012 - a new country guide report on companiesandmarkets.com
Our forecasts for Nigerian growth remain unchanged at 7.6% for both 2012 and 2013, buoyed by an anticipated surge in investment as well as a robust outlook for the consumer sector.
Political risk will be of central importance in the beginning of 2012, with tensions between some factions of the Christian and Muslim communities escalated by the violent actions of Boko Haram, and public discontent over the removal of fuel subsidies.
Major Forecast Changes
Based on newly available data and our Oil & Gas teams revised outlook for the hydrocarbons sector, we have made some downward revisions to our current account forecasts. We have now pencilled in a surplus of 11.4% of GDP in 2012 (down from 12.9% previously). We have incorporated the
recently released budget into our fiscal forecasts. We expect the fiscal deficit to narrow in 2012 to 2.5% of GDP, compared to 3.1% in 2011.
Key Risks To Outlook
Uncertainty in Europe, the US, China and other major economies could adversely affect the demand and price of oil, Nigerias major export and generator of government revenue.
If industrial action opposing the removal of fuel subsidies persists, it could adversely affect productivity and investment. However, if the government yields to rising pressure to back down from its reforms, this could harm its mandate for transformational change and its ability to enact much-needed improvements.The price of this business forecast report covers 4 quarterly reports on this country. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
Click for report details: www.companiesandmarkets.com/Market/All-Sectors/Country-Guide/Nig ..
Browse all All Sectors Country Guide Reports www.companiesandmarkets.com/Market/All-Sectors/Country-Guide?aCo ..
Browse all All Sectors Company Profile Reports www.companiesandmarkets.com/Market/All-Sectors/Company-Profile?a ..
Browse all Latest Country Guide Reports www.companiesandmarkets.com/Market/All/Country-Guide?aCode=f3fb3 ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.