Macroeconomic Forecast Nigeria

June 2007 | Macroeconomic Forecasts

We have revised up our global assumptions for oil prices, and now expect Nigeria's Bonny Light crude to reach an average of US$63.30/bbl this year, compared with US$61.70/bbl. However, we are leaving our real GDP growth forecasts unchanged, in spite of this small amendment, predicting 5.7% for 2007, and 6.0% for 2008.

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