World Bank Retains Nigeria’s Growth At 3.6%

The World Bank has reiterated its projection that the Nigerian economy would grow by 3.6 percent in 2025 despite the shift in the global trade dynamics. The World Bank also slashed its global growth forecast for 2025 by 0.4 percentage points to 2.3 percent, saying that higher tariffs and heightened uncertainty posed a “significant headwind” for nearly all economies. It warned that global growth could be weaker than projected if global trade tensions were to escalate further. The bank further stated that the direct impact on SSA growth of further escalation in global trade tensions may be contained owing to the limited direct exposure to export markets in China and the United States, apart from commodity demand.”

Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.