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The IMF yesterday, released the new World Economic Forecasts. Economic growth in Nigeria is expected to slow to 2.9% this year from 7% last year. It should rise to 5% in 2010. Consumer prices are expected to increase by 12% in 2009 and 8.8% in 2010.
A major reason for the slowing of economic growth is the fall in financial flows from oil exports. You can download the report below.
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1 Response to IMF Forecasts Drop In Growth Rate In Nigeria
johnson charles
October 13th, 2009 at 3:53 pm
men imf is really a mess to Nigerians economy. ibb should not av embarked on that policy… for we paying for it now…..