United Capital PLC Releases H2 2020 Outlook Report

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United Capital has released its bi-annual report economic outlook report which analyzes the status of the Nigerian economy and outlines future projections informed by domestic and global events.

Based on extensive research, “Up in the Air”, as the report is titled, encapsulates the uncertainty triggered by the outbreak of the COVID-19 virus; a pandemic that threw a curveball at the trend of previous economic variables and policy forecasts for the year.

Transcending evaluations of the Nigerian economy, the outlook report examines the volatility of the pandemic on global financial markets, evaluates the risk of a recession in fragile economies, and prognosticates the basis for a turnaround in global trade value.

Speaking on the report, Group Chief Executive Officer, of United Capital Plc, Mr. Peter Ashade, in a statement made available states: “United Capital is committed to equipping our clients, seasoned investors, and the investing community at large with valuable insights to inform their decision-making processes in the second half of the year.

With the advent of the pandemic, COVID-19, which proceeded to destabilize even the strongest economies world-wide, our research team has made use of their knowledge, expertise and understanding of situation, and the economy to predict possible actions in the future and we believe this would be beneficial to investors.

The 2020 Half year economic outlook report by United Capital Plc is a strategic initiative by the organization that reflects its dedication to being the financial and investment role model across Africa; empowering its clients, through innovative methods, with a robust suite of investment solutions to achieve their financial goals.