Tag: World Economic Outlook

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
Economy

Commodity price surge to become global problem – World Bank

The World Bank on Monday said that recent commodity price shocks, particularly in food and energy, are likely to be felt by people around the world. This was disclosed in the international financial institution’s Commodity Markets Outlook cited by AMBusiness. According to World Bank’s Senior Economist, Peter Nagle, Ukraine and Russia are both large exporters […]

Why Nigeria must save oil revenues - IMF
Economy

IMF warns Nigeria to fix weak labour market

The International Monetary Fund has warned Nigeria and other emerging economies to promptly repair their weak labour markets and severe schooling disruptions to prevent plunging their economies into further damage. In a new report titled, ‘Healing the pandemic’s economic scars demands prompt action,’ the Washington-based lender said pandemic-induced losses for both economic output and employment […]

Why Nigeria must save oil revenues - IMF
Economy News

IMF upgrades Nigeria’s economic growth forecast to 3.4%

The increase in global oil prices has caused the International Monetary Fund to review Nigeria’s economic growth potential to 3.4 per cent in 2022. The IMF disclosed this in its ‘World Economic Outlook: War Sets Back the Global Recovery, April 2022,’ report. In its January report, the Washington-based lender predicted a growth rate of 2.7 […]