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IMF says Nigeria’s economy to contract by 4.3% in 2020

… Projects 13.7% inflation in 2020, 11.6 in 2021

Nigeria’s economy is expected to contract by 4.3 percent in 2020 from 2.2 percent in 2019 and later recover with a growth rate of 1.7 percent in 2021 according to the International Monetary Fund (IMF). The IMF on Tuesday released its World Economic Outlook (WEO), which also projects 13.7 percent inflation rate for Nigeria in…

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