CWR: IMF Revises Nigeria’s 2021 Economic Growth Rate Upward to 2.5% from 1.5%

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April 9, 2021/Cowry Asset Report

In the just concluded week, the International Monetary Fund (IMF) in its April 2021 World Economic Outlook (WEO) report titled “Managing Divergent Recoveries”, revised Nigeria’s economic growth rate upward, to 2.5% in 2021 from the 1.5% growth rate projection in its January 2021 WEO report. Also, the global economy is expected to improve in 2021 – global growth rate was pegged at 6% – amid ease in lock down and as economies continue to adapt to new ways of working.

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