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IMF Predicts Slow GDP Growth For The Nigerian Economy



IMF Endorses VAT Increase, Gives Reason

The International Monetary Fund (IMF) has predicted a continued slow growth for Nigeria’s Gross Domestic Product (GDP)till the end of 2019.

Naija News learnt that the fund stated this in its World Economic Outlook (WEO) for October 2019, released on the sidelines of the ongoing IMF/World Bank Annual Meetings in Washington DC.

However, the IMF WEO report on Nigeria reads in part, “Growth in low-income developing countries remains robust, though growth performance is more heterogeneous within this group.

It will be recalled that this online platform reported that the National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation with the index rising to 11.24 per cent in September.

The 11.24 per cent represents an increase of 0.22 per cent when compared to the 11.24 per cent recorded in August.

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