Page 54 - UUBO PE Summit 2020 - Materials

4. Headwinds: How Illiquidity Holds Economy Down

GDP 2018 Money (M2) 2018 2018 Exchange Rate External Liquidity 2018

China 13.61 China 199.1
India 2.73 Angola 52.4 Saudi Arabia 65.1
Malaysia 125.0 Turkey 32.4 Algeria 48.4
Brazil 1.87
Morocco 118.7 Ethiopia 14.9 Malaysia 28.6
Russian… 1.66
Brazil 96.3 Brazil 14.5 Russian… 28.3 Reduced external liquidity from
Indonesia 1.04
Saudi Arabia 0.78 United Arab… 86.0 Russian… 7.4 United Arab… 24.0 weak exports weakens growth,
Indonesia 6.4
Turkey 0.77 Egypt, Arab Rep. 81.8 China 23.3
Ghana 5.4 tightens money, credit, equity, and
United Arab… 0.41 Algeria 79.1 Morocco 20.6
Nigeria 0.40 India 73.5 Algeria 5.1 Brazil 20.1 forex conditions and triggers
South Africa 0.37 India 5.0 Egypt, Arab Rep. 16.7
South Africa 73.1 Tanzania 1.6 double-digit inflation, interest
Malaysia 0.35 India 14.6
Russian… 59.1 Nigeria 0.1 rates, and multiple exchange rates.
Egypt, Arab… 0.25 Angola 14.6
Turkey 54.0 United Arab… 0.0
Algeria 0.18 Saudi Arabia 0.0 South Africa 14.1 .
Morocco 0.12 Sudan 43.3 Turkey 12.1
Egypt, Arab Rep. 0.1
Angola 0.11 Indonesia 38.8 Indonesia 11.6 Nigeria must Learn from Peers
South Africa 0.7
Kenya 0.09 Kenya 37.5 Kenya 2.0 Nigeria 10.8
Ethiopia 0.08 Angola 30.3 China 2.1 Ghana 9.6
Ghana 0.07
Ghana 27.4 Morocco 3.2 Kenya 9.3
Tanzania 0.06
Nigeria 23.5 Malaysia 6.2 Tanzania 8.8
Sudan 0.04 Ethiopia
0 500 20 0 20 40 60 4.7
0 20
0 50 100
% Change Per Year
M2 as % of GDP Foreign Reserves as % of GDP
US'Trillions
07