Leading Pan-African investment banking and financial services group, United Capital Plc, today released its economic outlook report for the second half of the year. The bi-annual report 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, said, “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 worldwide, our research team has made use of their knowledge, expertise and understanding of the situation, and the economy to predict possible actions in the future and we believe this would be beneficial to investors.”
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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.
The full report can be downloaded here www.unitedcapitalplcgroup.com/Research
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About United Capital Plc
United Capital is a leading African investment banking, asset management, trusteeship and securities trading Group, providing a bouquet of diverse financial services to individuals, corporates, and governments, enabling growth at all levels.
Since it was founded over 50 years ago, United Capital Plc has cultivated and sustained a heritage of excellence in the finance space in Africa. Its track record of transaction execution, industry leadership and client focus are still unmatched. It has achieved this by providing top-of-the-line financial services, consistently demonstrating a commitment to execution, excellent service delivery and client satisfaction.
Through the years, the Group has innovated with each season, and found smart ways to provide even more value to its clients by showing a spectacular ability to adapt to change.
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United Capital’s Pan African expansion drive is borne out of the need to replicate its numerous successes in the Nigerian market to the broader African space. This enables it to contribute to transforming the African continent by providing investment banking solutions to governments, companies, and individuals. It is poised to be the financial and investment role model across Africa, deploying innovation, technology, and specialist skills to exceed client expectations, whilst creating superior value for all stakeholders.
Looking ahead, with strategic financial partnerships, and a commitment to economic growth and prosperity on the continent, United Capital Plc will leverage its market leadership and strong relationships with financial market participants, Development Finance Institutions, multilateral agencies, as well financiers within and outside the continent to drive innovative solutions to funding challenges in Africa.