Macroeconomic Forecast Nigeria

June 2008 | Macroeconomic Forecasts

The Central Bank of Nigeria recorded real GDP growth of 6.5% y-o-y in Q108, and we see economic expansion picking up over the course of 2008 as the budget - which was delayed for several months - finally begins to be implemented. Our forecast growth in 2008 is 8.8%, up from 6.2% in 2007. We see growth falling slightly in 2009 to 8.7% before rising towards 9.0 in 2010.

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