The IMF predicts 3.2% GDP growth in Nigeria.

 

The International Monetary Fund (IMF), a US-based organisation, has kept its 2023 economic growth prediction for Nigeria at 3.2%.

This information was provided by the IMF in its most recent edition to the World Economic Outlook, "Near-Term Resilience, Persistent Challenges."

Additionally, the development bank increased its estimate of 3.5% global economic growth in 2023 by 0.2% points.

In contrast, the IMF only slightly revised its prediction for Sub-Saharan Africa's economic growth to 3.5% in 2023.

According to the IMF, growth in sub-Saharan Africa is expected to slow to 3.5% in 2023 before increasing to 4.1% in 2024. According to estimates from April, Nigeria's growth will gradually slow down in 2023 and 2024 as a result of security concerns in the oil industry.

According to DAILY POST, the IMF predicted a 3.2% economic growth rate for Nigeria in April.