* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Upload Season 4 Review – yahoo.com

    Upload Season 4 Review: A Thrilling New Chapter Unveiled

    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

    Rising Tensions Put US-South Korea Technology Partnership to the Test

    The Role of AI and Technology in Shaping the Future of Interactive Entertainment – Technology Org

    How AI and Technology Are Transforming the Future of Interactive Entertainment

    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

IMF Says Inflation Will Slow Nigeria’s Economic Growth to 2.9%

October 12, 2023
in Business
IMF Says Inflation Will Slow Nigeria’s Economic Growth to 2.9%
Share on FacebookShare on Twitter

International Monetary Fund, IMFInternational Monetary Fund

FIRS

IMF Says Inflation Will Slow Nigeria’s Economic Growth to 2.9%

Inflation will slow Nigeria’s economic growth to 2.9 per cent in 2023, the International Monetary Fund (IMF) has predicted.

It also downgraded the country’s economic growth prospect by 0.3 percentage points to 2.9 per cent for 2023 following weaker oil and gas production.

The IMF disclosed this in its new World Economic Outlook (for October) themed, ‘Navigating Global Divergences,’ released on Tuesday. Earlier in July, the lender projected that Nigeria’s economy would grow by 3.2 per cent in 2023. Then, it predicted that growth in the country would be impacted by security issues in the oil sector.

Commenting on its new prediction for the country, the Washington-based lender said, “Growth in Nigeria is projected to decline from 3.3 percent in 2022 to 2.9 per cent in 2023 and 3.1 per cent in 2024, with negative effects of high inflation on consumption taking hold.

“The forecast for 2023 is revised downward by 0.3 percentage point, reflecting weaker oil and gas production than expected, partially as a result of maintenance work.”

According to the National Bureau of Statistics, Nigeria’s GDP grew by 2.51 per cent in the second quarter of 2023. In August, Inflation surged to 25.80 per cent, an 18 year high, according to figures from the NBS.

Growth in the sub-Saharan African region is expected to decline to 3.3 percent in 2023 due to worsening weather shocks, the global slowdown, and domestic supply issues, the IMF noted.

It, however, stated that this growth will pick up by 2024 to 4.0 per cent in 2024, which is still below the region’s historical average of 4.8 per cent.

Overall, global economic growth is projected to slow from 3.5 per cent in 2022 to 3.0 per cent in 2023 and 2.9 per cent in 2024, well below the historical (2000–19) average of 3.8 per cent, the IMF declared.

It added, “Advanced economies are expected to slow from 2.6 per cent in 2022 to 1.5 per cent in 2023 and 1.4 per cent in 2024 as policy tightening starts to bite. Emerging market and developing economies are projected to have a modest decline in growth from 4.1 per cent in 2022 to 4.0 per cent in both 2023 and 2024.”

Inflation, which has been on a global rise, is expected to fall from 8.7 percent in 2022 to 6.9 percent in 2023 and 5.8 percent in 2024, the IMF highlighted. It further stated that low-income developing countries are expected to experience double digits inflation in 2023.

Commenting on a question regarding Nigeria at Marrakech, Morocco, the head of the World Economic Studies division in the IMF’s Research Department, Daniel Leigh, highlighted that the downward review in Nigeria is due to the recent demonetisation move of the government, high inflation, and more.

Leigh, who heads the department that produces the World Economic Outlook, said, “There is a downward revision for this year, partially this is due to the demonetisation, high inflation, shocks to agriculture and hydrocarbon output that is coming on top of the external headwinds.

“I will also add that President Tinubu has moved quickly with important reforms including ending the fuel subsidy and unifying the exchange rates. We welcome these initial bold reforms because we see them as paving the way for strong and inclusive growth.”

happy new month wishes to my love

guest post provider

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2023/10/imf-inflation-economic/?utm_source=rss&utm_medium=rss&utm_campaign=imf-inflation-economic

Tags: businessInflationNigeria’s
Previous Post

Laney Ironheart Foundry IRF-Dualtop review: An ideal portable partner for modern players at all levels

Next Post

Currency in Circulation Hit N2.76trn in September 2023 – CBN

Washington Department of Ecology Seeks Community Feedback on Drayton Harbor Cleanup Plan

August 27, 2025
Nebraska fairgoers learn about the science and art of circus at The Circus Science Spectacular – KSNB

Nebraska Fairgoers Dive into the Science and Art of Circus at The Circus Science Spectacular

August 27, 2025
Too much salt can hijack your brain – ScienceDaily

How Too Much Salt Hijacks Your Brain and Threatens Your Health

August 27, 2025
Oncologist warns ‘men are at higher risk of dying from cancer’; shares warning signs, lifestyle tips that can save lives | Health – Hindustan Times – Hindustan Times

Oncologist Reveals Why Men Face Higher Cancer Risks and Shares Life-Saving Warning Signs and Lifestyle Tips

August 27, 2025
US-ROK Technology Cooperation Faces Rising Tensions – The National Interest

Rising Tensions Put US-South Korea Technology Partnership to the Test

August 27, 2025
MATCH PREVIEW, pres. by Toyota: Red Bulls Battle the Columbus Crew on Saturday Night at Sports Illustrated Stadium – New York Red Bulls

MATCH PREVIEW, pres. by Toyota: Red Bulls Battle the Columbus Crew on Saturday Night at Sports Illustrated Stadium – New York Red Bulls

August 27, 2025
Researchers Build Real-World External Control Arm to Accelerate HER2+ Breast Cancer Drug Development – OncLive

Researchers Build Real-World External Control Arm to Accelerate HER2+ Breast Cancer Drug Development – OncLive

August 26, 2025
Stellantis paid $190.6 million in U.S. fuel economy penalties this year – Automotive News

Stellantis Hit with $190.6 Million in U.S. Fuel Economy Fines This Year

August 26, 2025
Upload Season 4 Review – yahoo.com

Upload Season 4 Review: A Thrilling New Chapter Unveiled

August 26, 2025
Hawaii Health Officials Say Lahaina Is Safe After 2023 Fire, but Tests Show Heavy Metal Exposure – U.S. News & World Report

Hawaii Health Officials Say Lahaina Is Safe After 2023 Fire, but Tests Show Heavy Metal Exposure – U.S. News & World Report

August 26, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (792)
  • Economy (811)
  • Entertainment (21,690)
  • General (16,695)
  • Health (9,852)
  • Lifestyle (825)
  • News (22,149)
  • People (812)
  • Politics (819)
  • Science (16,022)
  • Sports (21,311)
  • Technology (15,792)
  • World (793)

Recent News

Washington Department of Ecology Seeks Community Feedback on Drayton Harbor Cleanup Plan

August 27, 2025
Nebraska fairgoers learn about the science and art of circus at The Circus Science Spectacular – KSNB

Nebraska Fairgoers Dive into the Science and Art of Circus at The Circus Science Spectacular

August 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version