IMF downgrades Nigeria’s economic growth, predicts 5.4% contraction
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IMF downgrades Nigeria’s economic growth, predicts 5.4% contraction

An April forecast by the International Monetary Fund has been reviewed downwards to show that the Nigerian economy would contract by 5.4 per cent. According to the IMF’s World Economic Outlook in April, Nigeria was to expect a 3.4 per cent contraction of its economy, but in the face of the havoc being wreaked by…