Posts Tagged ‘International Monetary Fund’

IMF: How Nigeria’s economic recovery was exposed as a mirage

by Chuks Azotanion February 19, 2020
In a twist that further upset the already fragile optimism in the International Monetary Fund’s (IMF’s) weak economic growth projection for 2020, initially put at 2.5%, the IMF on Monday revised its earlier forecast to 2%. The new outlook was the culmination of the organisation’s Article IV Consultation to Nigeria, a 15-day economic dialogue tour, led […]

Nigeria Heading Into Recession – IMF

by Breaking Timeson July 19, 2016
The International Monetary Fund (IMF)  slashed its growth forecast for the Nigerian economy this year on Tuesday, saying a combination of plunging oil revenues and weakened investor confidence will push it into recession. The IMF said it expects Africa’s largest economy to contract by 1.8 percent this year, after having forecast in April a 2.3 […]

IMF Says Nigerian Economy will Shrink in 2016

by Breaking Timeson July 12, 2016
The International Monetary Fund (IMF) has admitted that the Nigerian economy “will probably” shrink in 2016, performing below the IMF forecast for the country. Speaking in Abuja on Monday, Gene Leon, IMF resident representative in Nigeria, said energy shortages and delayed budget weigh on output in Africa’s largest economy. After contracting by 0.4 percent in the […]