NAIRAMETRICS
The International Monetary Fund (IMF) has projected Nigeria’s economy to expand by 3.2% in the coming year 2025 while inflation is estimated to drop to 25% in the same year.
The Fund in its recently published World Economic Outlook (WEO) projected global economic growth in 2025 to remain unchanged at 3.2% from 2024.
The projection for the global economy represents a decline of 0.1% from the Fund’s earlier projection in July 2024.
For Nigeria, the IMF’s recent GDP growth projection for 2025 represents a 0.2% increase from its earlier projection in July of this year.
According to the Fund, GDP growth in 2024 will stay at 2.9%- a downgrade compared to its projection in July of this year.
On inflation, the Washington-based Institution projected Nigeria’s inflation to steady at 25% in 2025 and 14% by 2029.
Furthermore, the global lender put Sub-Saharan Africa’s economic growth rate for the coming year at 4.2%- a downgrade compared to its earlier projection in April 2024.
