IMF Projects Nigeria’s Economy to Grow 4.2% in 2026

The IMF’s October outlook projects global economic growth of 3.1% in 2026. Emerging markets and developing economies are expected to grow by 3.7%, ahead of advanced economies at 2.1%. India is projected to lead the selected economies with 7.0% growth, followed by China at 4.5%. Nigeria is forecast to expand by 4.2%, while the United States is projected at 2.3% and South Africa at 1.0%. The outlook also projects a 3.3% contraction for Saudi Arabia. These forecasts may change as inflation, oil prices, exchange rates and government policies evolve.

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