Nigerian central bank Governor Lamido Sanusi is preparing to leave his post in June, raising concern among investors that his success in curbing inflation and stabilizing the currency may unravel in a pre-election year.
Nigeria’s economy “could easily” grow at a rate of 10 percent if the newly privatized power industry puts an end to daily electricity cuts, said Jim O’Neill, a former chairman of Goldman Sachs Asset Management.
I spent last week in Indonesia, working on a series for BBC Radio about four of the world’s most populous non-BRIC emerging economies. The BRIC countries -- Brazil, Russia, India and China -- are already closely watched. The group I’m studying for this project -- let’s call them the MINT economies -- deserve no less attention. Mexico, Indonesia, Nigeria and Turkey all have very favorable demographics for at least the next 20 years, and their economic prospects are interesting.
Investors should get used to U.S. Treasury yields rising toward 4 percent as the 30-year bull market in bonds comes to an end, according to Jim O’Neill, former chairman of Goldman Sachs Asset Management.
If you study the biggest and most rapidly emerging economies, as I have for many years, you are bound to be struck by the power of urbanization and the pivotal role of thriving cities. More often than not, cities are the engine that powers economic growth. When a country’s cities succeed -- and I do mean cities, plural -- the economy is much more likely to prosper.