World Bank Predicts When Nigeria Will Get Out Of Recession - The Herald Nigeria

World Bank Predicts When Nigeria Will Get Out Of Recession

The World Bank has predicted an end to Nigeria’s economic woes. This was contained in a statement released by the financial institution on Wednesday.

According to World bank in the statement, Nigeria is expected to come out of recession in 2017 adding that the country will grow its Domestic Product by one percent in the year.

The statement by the World Bank noted that “Sub-Saharan African growth is expected to pick up modestly to 2.9 per cent in 2017 as the region continues to adjust to lower commodity prices.

“Growth in South Africa and oil exporters is expected to be weaker, while growth in economies that are not natural-resource intensive should remain robust.

“Growth in South Africa is expected to edge up to a 1.1 per cent pace this year. Nigeria is forecast to rebound from recession and grow at a 1 per cent pace. Angola is projected to expand at a 1.2 per cent pace.”

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Owolabi Oluwasegun

Content creator, aggregator and consultant. Lover of Conspiracy theories, unpopular opinions and defender of the underdogs.

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