{"id":180179,"date":"2022-04-19T18:33:44","date_gmt":"2022-04-19T17:33:44","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=180179"},"modified":"2022-04-19T18:33:44","modified_gmt":"2022-04-19T17:33:44","slug":"imf-nigerias-economy-to-grow-by-3-4-in-2022","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/04\/19\/imf-nigerias-economy-to-grow-by-3-4-in-2022\/","title":{"rendered":"IMF: Nigeria’s economy to grow by 3.4% in 2022"},"content":{"rendered":"

The International Monetary Fund has stated that Nigeria’s economy would grow by 3.4 percent in 2022 in its latest world economic outlook projections.<\/p>\n

It revealed a 3.1 per cent growth projection for the nation in 2023, down from 3.4 per cent in 2022 and 3.6 per cent in 2021.<\/p>\n

Nigeria\u2019s economic projection is lower than that of the Sub-Saharan African region, which is expected to grow by 4.5 per cent in 2021, 3.8 per cent in 2021, and 4.0 per cent.<\/p>\n

According to the Washington-based lender, the global economy is expected to grow by 3.6 per cent in 2022 and 2023 as a result of the war on Ukraine, and sanctions on Russia<\/a>.<\/p>\n

\n
\n
It said, \u201cCompared to our January forecast, we have revised our projection for global growth downwards to 3.6 per cent in both 2022 and 2023. This reflects the direct impact of the war on Ukraine and sanctions on Russia, with both countries projected to experience steep contractions.<\/div>\n<\/div>\n<\/div>\n
<\/div>\n
\n

\u201cThis year\u2019s growth outlook for the European Union has been revised downward by 1.1 percentage points due to the indirect effects of the war, making it the second-largest contributor to the overall downward revision.\u201d<\/p>\n

The IMF stated that the war would slow economic growth and increase inflation.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund has stated that Nigeria’s economy would grow by 3.4 percent in 2022 in its latest world economic outlook projections. It revealed a 3.1 per cent growth projection for the nation in 2023, down from 3.4 per cent in 2022 and 3.6 per cent in 2021. Nigeria\u2019s economic projection is lower than […]<\/p>\n","protected":false},"author":17,"featured_media":180047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[704,15407,303,2923],"class_list":["post-180179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-economy","tag-imf","tag-nigeria","tag-russia"],"yoast_head":"\nIMF: Nigeria's economy to grow by 3.4% in 2022<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund has stated that Nigeria's economy would grow by 3.4 percent in 2022 in its latest world economic outlook projections\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/19\/imf-nigerias-economy-to-grow-by-3-4-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF: Nigeria's economy to grow by 3.4% in 2022\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund has stated that Nigeria's economy would grow by 3.4 percent in 2022 in its latest world economic outlook projections. 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