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Home Finance

Nigeria: IMF likely to revise country’s growth to 2.5% in 2021

Staff by Staff
March 25, 2021
in Africa, Economy, Finance, Nigeria
Reading Time: 1 min read
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The International Monetary Fund is likely to revise higher its growth forecast for Nigeria, its mission chief said on Tuesday.

Jesmin Rahman, the IMF mission chief to Nigeria, said the country’s surprise exit from recession in the fourth quarter would aid its economic outlook for the coming year.

“It wasn’t as bad as we expected,” Rahman said of the country’s 2020 recession.

Rahman did not put a figure on the 2021 growth overall, but said the medium-term growth rate could return to 2.5%. The IMF previously projected 1.5% growth for 2021.

Also read: Nigeria’s central bank keeps benchmark lending rate at 11.5%

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Via: Reuters
Tags: Economic GrowthEconomyFinanceIMFInternational Monetary FundNigeriaNigeria: IMF likely to revise country's growth to 2.5% in 2021нигерияنيجيرياナイジェリア尼日利亚
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