Nigeria, June 12 -- The World Bank has maintained its projection that Nigeria's economy will grow by 3.6 per cent in 2025, even as it downgraded global growth expectations due to rising trade tensions and widespread economic uncertainty.
The projection was contained in the bank's Global Economic Prospects report released Tuesday.
It forecast that global growth in 2025 would slow to 2.3 per cent, a 0.4 percentage point cut from its earlier estimate, citing "higher tariffs and heightened uncertainty" as a "significant headwind" for most economies.
"Growth in Nigeria is forecast to strengthen to 3.6 per cent in 2025 and to an average of 3.8 per cent in 2026-27," the report said.
"Following monetary policy tightening in 2024 to address ra...
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