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IMF predicts Nigerian economy to grow by 1.9 percent in 2018
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IMF predicts Nigerian economy to grow by 1.9 percent in 2018

The International Monetary Fund (IMF), has predicted that the Nigerian economy is expected to grow by 1.9 per cent in 2018, up from 0.8 per cent in 2017, due largely to fewer disruptions in oil production.

This prediction was given by Amine Mati, IMF’s Senior Resident Representative, while he presented the “Fall 2018 Regional Economic Outlook for Sub-Saharan Africa’’ on Thursday in Abuja, the Sun reported.

Mati added that some pick-up in the non-oil economy was also responsible for the predicted growth rate.

According to him the recovery is expected to contribute about 0.7 percentage points to the region’s average growth in 2018 and lift activity in Nigeria’s trading partners through stronger remittances, financial spillovers and import demand.

Source: ANA|COMPATRIOT MAGAZINE

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