The IMF has projected global economic growth will slow to 3.0% in 2026 while Nigeria is expected to grow by 4.1%, supported by improved macroeconomic stability.
IMF Projects 4.1% Growth for Nigeria
Global growth is set to cool — but Nigeria bucks the trend. The IMF’s July World Economic Outlook projects 3.0% global growth in 2026, rising to 3.4% in 2027, according to Peoples Gazette.
The report, titled “Global Economy in Crosscurrents of War and Technology,” links slower growth to Middle East conflict and rising energy costs, though AI-driven demand is boosting tech-integrated economies.
Nigeria is projected to grow 4.1% in 2026 and 4.3% in 2027, “supported by improved macroeconomic stability,” though the IMF warned rising prices could worsen poverty and food insecurity.
Global inflation is expected to climb to 4.7% in 2026 before easing to 3.9% in 2027. Sub-Saharan Africa’s growth is projected at 4.3%.
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