Nigeria’s GDP To Grow By 3.2% In 2023 – IMF

Written by on April 12, 2023

The IMF, in its World Economic Outlook for April 2023 titled ‘A Rocky Recovery’, forecast a three percent growth in the country’s gross domestic product (GDP) for 2024.

The projection by the Washington DC-based global lender comes days after the World Bank revealed that the naira recorded a 10.2 percent depreciation in 2022.

The International Monetary Fund (IMF) retained its growth forecast of 3.2 percent for Nigeria’s economy in 2023.

Other countries highlighted in its 2023 projections were USA (1.6%), Germany (-0.1%), France (0.7%), Italy (0.7%), Spain (1.5%). Japan (1.3%), UK (-0.3%), and Canada (1.5%).

Others are China (5.2%), India (5.9%), Russia (0.7%), Brazil (0.9%), Mexico (1.8%), Saudi Arabia (3.1%), and South Africa (0.1%).

Reader's opinions

Leave a Reply

Your email address will not be published. Required fields are marked *

Current track