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The <a href=”http://www.imf.org”>IMF</a> yesterday, released the new <a href=”http://www.imf.org/external/pubs/ft/weo/2009/02/index.htm”>World Economic Forecasts</a>. 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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