IMF sees Nigeria GDP growing 3.4% in 2022, inflation staying high


Reuters | Abuja | Updated: 16-06-2022 13:02 IST | Created: 16-06-2022 13:01 IST
IMF sees Nigeria GDP growing 3.4% in 2022, inflation staying high
Representative Image Image Credit: ANI
  • Country:
  • Nigeria

Nigeria's real GDP growth is broadening to all sectors except oil but inflation remains elevated, the International Monetary Fund said on Thursday after a team held meetings with the Nigerian authorities from June 6 to 10.

"Regarding the economic outlook, GDP growth is projected at 3.4 percent (y/y) in 2022 while inflation is expected to remain elevated," the IMF said in a statement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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