Macroeconomic Forecast Nigeria

BMI View: Inflation is expected to remain in double digits in 2012 despite relatively tight monetary conditions. The moderation in global commodity prices will be offset by domestic pressures, most importantly the effect of the sharp increase in the price of refined fuel products. We are forecasting average inflation of 10.5% in 2012, which we expect will ease subsequently, to 8.5% in 2013.

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