Nigeria: 2020 Article IV Session Press Launch; Worker report; and Assertion by the Deputy Government Director for Nigeria

Author / Editor:

IMF. African department

Release date:

February 8, 2021

Electronic access:

Free download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Nigerian economy is at a critical point. A weak pre-crisis economy, characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, has grappled with multiple shocks from the COVID-19 pandemic. Real production is expected to shrink by 3.2 percent in 2020. A weak recovery is likely to cause per capita income to stagnate and not exceed the 2010 level in the medium term. Political adjustments and reforms are urgently needed to overcome this crisis and change the long-term lackluster course.

Series:

Country report no. 2021/033

Frequency:

regular

English

Release date:

February 8, 2021

ISBN / ISSN:

9781513568423 / 1934-7685

Order no.

1NGAEA2021001

Format:

paper

Pages:

91

You just read:

News provided by

February 09, 2021 01:16 GMT


ONE Presswire’s priority is source transparency. We don’t allow opaque clients, and our editors try to be careful about weeding out false and misleading content. If, as a user, you see something that we missed, please let us know. Your help is welcome. ONE Presswire, everyone’s internet news Presswire ™, seeks to define some of the limits that are reasonable in the world today. Please see our editorial guidelines for more information.

Submit your press release

Comments are closed.