JUST IN: IMF increases Nigeria’s growth forecasts to 4.2%, warns higher prices will aggravate poverty, food insecurity
“Nigeria is supported by improved macroeconomic stability and favourable terms-of-trade effects, though higher prices for essentials are expected to further aggravate poverty and food insecurity,” the IMF said in its report Tuesday. The post JUST IN: IMF increases Nigeria’s growth forecasts to 4.2%, warns higher prices will aggravate poverty, food insecurity appeared first on Premium Times…
The International Monetary Fund has increased its growth forecasts for Nigeria to 4.2%. According to Premium Times, the IMF noted that Nigeria is supported by favorable terms-of-trade effects and improved macroeconomic stability.
However, the IMF warned in its Tuesday report that higher prices for essential goods are expected to further aggravate food insecurity and poverty.
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