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World Bank Reduces Nigeria’s Growth Forecast By 0.1 Per Cent | Sahara Reporters

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.WorldBank Reduces NigeriaGov’s Growth Forecast By 0.1 Per Cent | Sahara Reporters It blamed issues such as multiple exchange rates, foreign exchange restrictions, high inflation & low non-oil revenues as some of the hurdles to economy’s... READ MORE:

The World Bank on Wednesday revised Nigeria’s economic growth for 2019 from 2.1 to 2.0 per cent.

The New York-based global lender had in April predicted that the largest economy in Africa will grow by 2.1 per cent.The global lender said the reason for its lowered forecast for Nigeria is because, “The medium-term growth outlook continues to be constrained by a weak macroeconomic policy environment and slow policy implementation.”

 

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