Middle East & Africa: Macroeconomic overview
Nigeria is expected to face continued economic hardship this year and next as it struggles to boost revenues from hydrocarbon exports.
Nigeria’s National Bureau of Statistics expects the country’s GDP to contract by 1.3% on an annual basis in 2016 – a sharp downward revision from its previous forecast for 3.8% growth. Meanwhile, the International Monetary Fund (IMF) expects Nigeria’s economy to shrink by 1.7% this year.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up