October 23, 2024/CSL Research The International Monetary Fund (IMF) has revised its economic growth forecast for Nigeria, indicating a slowdown in 2024. In its latest World Economic Outlook report, released on Tuesday, the IMF now projects Nigeria’s economy to grow by 2.9% in 2024. In its July forecast, the International […]

October 22, 2024/FBNQuest Research A closer look at the Central Bank of Nigeria’s (CBN) Quarterly Statistical Bulletin (QSB) shows that the FGN’s fiscal deficit in Q2 2024 widened to about N4.3trn compared with deficits of N4.2trn and N2.6trn registered in Q1 2024 and the year-earlier period. Cumulatively, the FGN’s retained […]

(Credit: IMF Photo/Monacoshots) October 22, 2024/IMFBlog By Pierre-Olivier Gourinchas Let’s start with the good news: it looks like the global battle against inflation has largely been won, even if price pressures persist in some countries. After peaking at 9.4 percent year-on-year in the third quarter of 2022, we now project […]