The International Monetary Fund (IMF) has forecasted that Nigeria’s economy will grow by 3.2% in 2025, while inflation is anticipated to decrease to 25% within the same year.
In its latest World Economic Outlook (WEO), the IMF also projected that global economic growth in 2025 will remain unchanged at 3.2%, the same rate as in 2024.
This forecast for global growth marks a 0.1% decrease from the IMF’s previous estimate in July 2024.
For Nigeria specifically, the IMF’s GDP growth projection of 3.2% for 2025 reflects a 0.2% improvement over its earlier forecast from July this year.
The Fund also stated that Nigeria’s GDP growth for 2024 is expected to remain at 2.9%, a downward revision from its July 2024 projection.
On inflation, the IMF anticipates Nigeria’s rate will stabilize at 25% in 2025, with a further decline to 14% projected by 2029.
