Tag Archives: IMF admits Nigerian economy ‘will probably shrink’ in 2016

IMF admits Nigerian economy ‘will probably shrink’ in 2016

July 12, 2016 by Don Saint 0 Comments

The International Monetary Fund (IMF) has admitted that the Nigerian economy “will probably” shrink in 2016, performing below the IMF forecast for the country. Speaking in Abuja on Monday, Gene Leon, IMF resident representative in Nigeria, said energy shortages and delayed budget weigh on output in Africa’s largest economy. After contracting by 0.4 percent in the […]

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