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Update1: Nigeria’s economy to contract by-3.4% in 2020, says IMF

...to grow by 2.4% in 2021, inflation to rise by 13.4% in 2020 ... Analysts differ on growth projection  

The International Monetary Fund (IMF) on Tuesday projected Nigeria’s economy would contract by -3.4 percent in 2020 from 2.2 percent in 2019. The Washington-based Fund expects the economy to grow by 2.4 percent in 2021. Gita Gopinath, IMF chief economist, disclosed this while presenting the world economic outlook at the ongoing virtual Spring meeting of…



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