Economic Outlook

2023 Economic Outlook for Nigeria

In conjunction with the IMF/World Bank annual meetings, forecasts released at the July World Economic Outlook in July 2022, projected Nigeria inflation to fall to 17% and an increase in its Gross Domestic Product GDP, to 3.4% in 2022 and 3.2% in 2023. Reprojected in October World Economic Outlook, Nigeria’s GDP is projected to drop to 3.2% in 2023…