Published 16 days ago

Nigeria's economy slips to fourth place behind South Africa, Egypt, Algeria

Summary by Daily Post Nigeria

Nigeria’s economy has slipped to fourth place in Africa, behind South Africa, Egypt, and Algeria. This is according to a recent forecast by the International Monetary Fund. Accordingly, the Washington-based bank World Economic Outlook estimates Nigeria’s gross domestic product at $253 billion based on current prices this year, lagging behind Algeria at $267 billion, Egypt at $348 billion, and South Africa at $373 billion. Africa’s most industria…

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Bloomberg

Nigeria’s Economy, Once Africa’s Biggest, Slips to Fourth Place

Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year and Egypt, which held the top position in 2023, is projected to fall to second behind South Africa after a series of currency devaluations, International Monetary Fund forecasts show.

17 days ago·United States

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Daily Post Nigeria

Nigeria's economy slips to fourth place behind South Africa, Egypt, Algeria

16 days ago·Nigeria

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Punch Newspapers

IMF forecasts Nigeria's economy drop to fourth largest in Africa

Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook as reported by Bloomberg, estimated the country’s gross domestic product at $253 billion based on current prices this year, behind North

16 days ago

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