IMF Downgrades Nigeria’s 2024 Growth Forecast To 3.1% …C0NTINUE READING HERE >>>
The International Monetary Fund (IMF) has downgraded Nigeria’s 2024 economic growth forecast to 3.1 per cent, down from 3.3 per cent previously estimated.
This adjustment, detailed in the latest World Economic Outlook, reflects weaker-than-expected economic activity in the first quarter of the year.
The IMF highlighted that this revision also impacts the broader Sub-Saharan Africa growth outlook, which decreased from 3.8 per cent to 3.7 per cent.
The Fund also urged countries facing high inflation, including Nigeria, to adopt tighter monetary policies to stabilise their economies.
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