2024: IMF downgrades Nigeria's economic growth forecast to 3.1%, lowers Sub-Saharan Africa growth to 3.7%.
The International Monetary Fund (IMF) has downgraded Nigeria's economic growth forecast for 2024 to 3.1%, a 0.2 percentage point decrease from the previously predicted 3.3%, due to weaker-than-expected GDP growth in Q1 2024. As a result, the IMF also lowered its forecast for Sub-Saharan Africa's economic growth to 3.7% in 2024. The global economy growth forecast remains at 3.2% in 2024 and 3.3% in 2025.
July 16, 2024
9 Articles