Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producers. The Conversation Africa’s […]
Why stagflation is an economic nightmare – and may already be here
The economy is cooling while inflation remains elevated. And that is raising alarm bells among economists who worry it means “stagflation” is on the way. But what is stagflation exactly? We asked Veronika Dolar, an economist at SUNY Old Westbury and a visiting professor at Stony Brook University, to explain what it is, what causes […]