world bank predicts Nigeria will get out of economic recession this year


The world bank today released their annual global economic prospects report in which it was predicted that Nigeria will get out of it’s current economic recession this year, some part of the report read, “Sub-Saharan African growth is expected to pick up modestly to 2.9 per cent in 2017 as the region continues to adjust to lower commodity prices. Growth in South Africa and oil exporters is expected to be weaker, while growth in economies that are not natural-resource intensive should remain robust. Growth in South Africa is expected to edge up to a 1.1 per cent pace this year. Nigeria is forecast to rebound from recession and grow at a 1 per cent pace. Angola is projected to expand at a 1.2 per cent pace.”


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world bank predicts Nigeria will get out of economic recession this year

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