International Monetary Fund Raises Nigeria’s Growth Forecast For 2022
Jul 28, 2021 ·
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The International Monetary Fund has revised upward its growth forecast for the Nigerian economy in 2022 by 0.3 per cent to 2.6 per cent compared to its earlier projection in...
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The International Monetary Fund has revised upward its growth forecast for the Nigerian economy in 2022 by 0.3 per cent to 2.6 per cent compared to its earlier projection in its April edition while it retained its growth forecast for 2021.
Division Chief, Research Department, IMF, Malhar Nabar, stated that the reemergence of fuel subsidy and rise in security was hindering growth.
Nabar says they have maintained an unchanged forecast of 2.5 per cent and we have upgraded slightly for 2022 to 2.6 per cent. The reason for the unchanged forecast for this year is because it is a product of opposing developments.
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Division Chief, Research Department, IMF, Malhar Nabar, stated that the reemergence of fuel subsidy and rise in security was hindering growth.
Nabar says they have maintained an unchanged forecast of 2.5 per cent and we have upgraded slightly for 2022 to 2.6 per cent. The reason for the unchanged forecast for this year is because it is a product of opposing developments.
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