IMF Foresees ‘Lacklustre’ GDP Growth For Nigeria In 2019
October 15, 2019
2:52 pm
The International Monetary Fund (IMF) has projected that Nigeria’s Gross Domestic Product (GDP) growth will remain lacklustre in 2019.
The fund stated this in its World Economic Outlook (WEO) for October 2019, released on the sidelines of the ongoing IMF/World Bank Annual Meetings in Washington DC.
GDP growth in Nigeria stood at 1.94 percent as of the second quarter of 2019.
“Growth in low-income developing countries remains robust, though growth performance is more heterogeneous within this group. Robust growth is expected for non-commodity exporters, such as Vietnam and Bangladesh, while the performance of commodity exporters, such as Nigeria, is …
