Macroeconomic Forecast Nigeria

Our macroeconomic forecasts have been reviewed this month, following the release of H105 real GDP growth figures. Real economic growth for 2005 is now forecast at 7%, down from slightly above 8% previously. We still expect real economic growth of just below 4% in 2006, with an anticipated decline in the price of oil weighing on aggregate economic output. However, inflation should be cut from around 20% to just over 10% by year-end 2006.

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