January 18, 2021/Coronation Research

When the World Bank recently published its Global Economics Prospects, we were surprised to see a 4.1% recession estimated for Nigeria in 2020. In our view, the Nigerian economy is somewhat stronger than that.

Even though the World Bank and the IMF have enviable track records in forecasting the Nigerian economy, we think that 2020’s recession will prove to be close to negative 3.0%.

Click here to read full PDF copy of report