IMF Reduces Nigeria’s Growth Forecast By 0.3%

The International Monetary Fund (IMF) has reduced Nigeria’s GDP growth forecast for 2023 by 0.3 percentage point to 2.9 percent due to lower oil and gas production. This was revealed by the IMF in its latest World Economic Outlook (for October), titled ‘Navigating Global Divergences,’ which was released on Tuesday. BizWatch Nigeria recalls that in … Continue reading IMF Reduces Nigeria’s Growth Forecast By 0.3%