Despite Nigeria's recovery after the economic recession after the second quarter of 2017, the International Monetary Fund (IMF) estimates that Nigerians are becoming poorer. The fund said economic reforms are urgently needed to put the nation on a sustainable economic path, the Reuters news agency reports, citing an IMF report. The report is due to be released today. According to Reuters, the IMF said it expects the Nigerian government "to cope" in the medium term, adding that any progress could also be jeopardized if the 2019 elections consume energy and political resources. The IMF said in the report that growth prospects have improved but remain difficult, adding that comprehensive and consistent economic policies remain urgent and should not be delayed by approaching elections and recovering oil prices. "The rise in oil prices would support a recovery in 2018, but a" confused "outlook is envisaged in the medium term under current policies, with fiscal dominance and structural constraints leading to continued declines in real GDP per capita", notes the IMF. to Reuters.
Räägi sõbrale... #AFRICA ... spill TEA ABOUT THE TOPIC ABOVE.... Easy on Shade #jaiyeorie
0 Comments