Nigeria’s real Gross Domestic Product (GDP) growth will expand by two-point-two per cent in 2019, the World Bank said in its annual Global Economic Prospects, slightly upgrading the country’s projected growth rate from two-point-one per cent in June 2018.
According to the World Bank, growth in sub-Saharan Africa would accelerate to three-point-four per cent in 2019, due to improved investment in large economies together with continued robust growth in non-resource intensive countries.
The bank downgraded global economic growth from three per cent in 2018 to two-point-nine per cent in 2019 due to trade tensions, rising borrowing costs and persistent policy uncertainties.
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