The World Bank has given a positive outlook on Nigeria’s economic prospects, projecting 3 years of unbroken positive growth.
In its June 2025 Global Economic Prospects Report, the bank predicts that Nigeria will have 3 years of unbroken growth at:
3.6% in 2025
3.7% in 2026
3.8% in 2027.
It however cut its 2025 world growth forecast by 0.4 percentage points to 2.3%.
It said higher tariffs and heightened uncertainty posed a “significant headwind” for nearly all economies.
In the twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70% of all economies (including China, USA, and Europe, as well as 6 emerging market regions) from the levels it projected 6 months ago before President Donald Trump took office in the US.
According to the World Bank, growth in Sub-Saharan Africa is projected to strengthen to 3.7% in 2025 and an average 4.2% in 2026- 27, assuming the external environment does not deteriorate further, inflation declines as expected, and regional conflicts subside.
https://x.com/NaijaphiliaBlog/status/1932935221495628218
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