BREAKING: IMF raises Nigeria’s growth forecast to 4.2%, acknowledges Nigerians are suffering
The IMF also called for immediate relief from rising food and energy costs stating that they are mindful that Nigerians are suffering. The post BREAKING: IMF raises Nigeria’s growth forecast to 4.2%, acknowledges Nigerians are suffering appeared first on Nairametrics .
The International Monetary Fund (IMF) has raised Nigeria's economic growth forecast for 2026 to 4.2%, with projections for 2027 remaining at 4.3%. This upward revision of 0.1 percentage point was presented in the IMF's 2026 World Economic Outlook, titled "Resilience Under Strain, Urgent Choices." The IMF attributes Nigeria's growth outlook to improved macroeconomic stability and favourable terms of trade, but warns that higher prices for essential goods could worsen poverty and food insecurity.
The institution's outlook comes amid Nigeria's ongoing economic reforms, which have attracted praise for their boldness but have also imposed costs on Nigerians through increased poverty and weakened purchasing power.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- IMF upgrades 2026 growth forecast but warns of ‘split’ outlook freemalaysiatoday.com
- IMF upgrades 2026 growth forecast but warns of 'split' outlook nst.com.my
- IMF raises India growth forecast to 7%, warns of fragmented global outlook indianexpress.com
- IMF upgrades 2026 growth forecast but warns of 'split' outlook al-monitor.com
- India, ASEAN growth revised up in IMF's latest world outlook asia.nikkei.com
