IMF forecasts Nigeria’s economy to grow by 4.1% in 2026
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The IMF forecasts Nigeria's economy to grow by 4.1% in 2026, outpacing many advanced and emerging economies. Global economic growth is expected to slow down to 3.1% in 2026 due to conflicts and trade barriers.
The International Monetary Fund (IMF) projects Nigeria's economy to grow by 4.1% in 2026 and 4.3% in 2027. This forecast places Nigeria ahead of many advanced and emerging economies. Global economic growth is expected to slow down to 3.1% in 2026 and 3.2% in 2027 due to conflicts in the Middle East and higher trade barriers. Developing economies, such as India and China, are expected to drive global growth, with India forecast to grow by 6.5% and China by 4.4% in 2026. In contrast, major European economies, including Germany, France, and Italy, are projected to experience limited growth. The IMF's forecast was released at the ongoing IMF-World Bank Spring Meetings in Washington DC.
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