{"id":462737,"date":"2018-10-15T11:30:56","date_gmt":"2018-10-15T10:30:56","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=462737"},"modified":"2018-10-15T11:30:56","modified_gmt":"2018-10-15T10:30:56","slug":"imf-cuts-nigerias-growth-forecast-for-2018","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/10\/15\/imf-cuts-nigerias-growth-forecast-for-2018\/","title":{"rendered":"IMF cuts Nigeria’s growth forecast for 2018"},"content":{"rendered":"
<\/div>

The International Monetary Fund (IMF) has revised down Nigeria’s economic growth rate for 2018, with a new forecast of 1.9 percent, according to its latest report on the World Economic Outlook.<\/p>\n

In December 2017, the organization announced a growth rate of 2.1% of GDP, thanks in particular to reforms undertaken by the government. She had nevertheless drawn attention to the fragility of Nigeria’s economic situation, despite a recent exit from recession.<\/p>\n

In terms of inflation, the IMF announces a forecast of 12.4%, after the 16.5% recorded in 2017, and 13.5% for 2019. A forecast that it attributes to the tightening of monetary policy and the moderation of rising food prices.<\/p>\n

In its report, the international fund also indicates that sub-Saharan Africa should grow by 3.1% and 3.8% respectively in 2018 and 2019. Rates slowed down the Nigerian, South African and Angolan economies .<\/p>\n

“The continent could do much better if these economies are based on stronger foundations, especially South Africa and Nigeria. They are really big and affect a number of countries in their neighborhood, “says Gian Maria Milesi-Ferretti from the Research Department of the International Monetary Fund.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The International Monetary Fund (IMF) has revised down Nigeria’s economic growth rate for 2018, with a new forecast of 1.9 percent, according to its latest report on the World Economic Outlook. In December 2017, the organization announced a growth rate of 2.1% of GDP, thanks in particular to reforms undertaken by the government. She had<\/p>\n","protected":false},"author":530746,"featured_media":462741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12040,12046],"tags":[12100,38],"class_list":{"0":"post-462737","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"category-leaders-en","9":"tag-imf-en","10":"tag-nigeria","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"\nIMF cuts Nigeria's growth forecast for 2018 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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