2017 has been an eventful year in Nigeria as the country finally exited its first recession in a generation. As we put finishing touches to our review of 2017 and our forecast of 2018, due for release this Friday at noon, we did a review of our key 2017 predictions from last year and how these have panned out as the year unfolded.
A year ago, we forecast that the following were likely to happen in 2017:
1 – Oil prices would hover in the mid $50/bbl for the most part of 2017.
- We have scored this forecast CORRECT as can be seen in the chart below.