The World Bank has released its January 2017 Global Economic Prospects
report(read here) in which it predicted that Nigeria will get out of the
current economic recession this year. The
report in part reads...
“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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