{"id":16805,"date":"2019-10-16T16:16:09","date_gmt":"2019-10-16T16:16:09","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=16805"},"modified":"2019-10-16T16:16:09","modified_gmt":"2019-10-16T16:16:09","slug":"imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019","title":{"rendered":"IMF predicts weak GDP Growth for Nigeria till end of 2019"},"content":{"rendered":"

The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product<\/a> (GDP) growth will remain weak in 2019.<\/p>\n

The fund stated this in its World Economic Outlook (WEO) for October 2019, released on the sidelines of the ongoing IMF\/World Bank Annual Meetings in Washington DC.<\/p>\n

DAILY POST reports that Nigeria\u2019s GDP growth as at end of June 2019 stood at 1.94 per cent.<\/p>\n

However, the IMF WEO report on Nigeria reads in part, \u201cGrowth in low-income developing countries remains robust, though growth performance is more heterogeneous within this group.<\/p>\n

\u201cRobust growth is expected for non-commodity exporters, such as Vietnam and Bangladesh, while the performance of commodity exporters, such as Nigeria, is projected to remain lacklustre.<\/p>\n

\u201cIn sub-Saharan Africa, growth is expected at 3.2 percent in 2019 and 3.6 percent in 2020, slightly lower for both years than in the April 2019 WEO.<\/p>\n

\u201cHigher, albeit volatile, oil prices earlier in the year have supported the subdued outlook for Nigeria and some other oil-exporting countries in the region, but Angola\u2019s economy\u2014because of a decline in oil production\u2014is expected to contract this year and recover only mildly next year.<\/p>\n

\u201cIn South Africa, despite a moderate rebound in the second quarter, growth is expected to be weaker in 2019 than projected in the April 2019 WEO following a very weak first quarter, reflecting a larger-than-anticipated impact of labour strikes and energy supply issues in mining, together with weak agricultural production.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019. The fund stated this in its World Economic Outlook (WEO) for October 2019, released on the sidelines of the ongoing IMF\/World Bank Annual Meetings in Washington DC. DAILY POST reports that Nigeria\u2019s GDP growth as […]<\/p>\n","protected":false},"author":62,"featured_media":16807,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[105,342,566],"class_list":["post-16805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-economy-of-nigeria","tag-gdp","tag-imf"],"yoast_head":"\nIMF predicts weak GDP Growth for Nigeria till end of 2019 - Nigeria<\/title>\n<meta name=\"description\" content=\"The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMF predicts weak GDP Growth for Nigeria till end of 2019\" \/>\n<meta property=\"og:description\" content=\"The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-16T16:16:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"IMF predicts weak GDP Growth for Nigeria till end of 2019\",\"datePublished\":\"2019-10-16T16:16:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\"},\"wordCount\":243,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg\",\"keywords\":[\"Economy of nigeria\",\"GDP\",\"IMF\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\",\"name\":\"IMF predicts weak GDP Growth for Nigeria till end of 2019 - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg\",\"datePublished\":\"2019-10-16T16:16:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"description\":\"The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IMF predicts weak GDP Growth for Nigeria till end of 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\",\"name\":\"alico\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/alico\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IMF predicts weak GDP Growth for Nigeria till end of 2019 - Nigeria","description":"The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019","og_locale":"en_US","og_type":"article","og_title":"IMF predicts weak GDP Growth for Nigeria till end of 2019","og_description":"The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019.","og_url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019","og_site_name":"Nigeria","article_published_time":"2019-10-16T16:16:09+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg","type":"image\/jpeg"}],"author":"alico","twitter_card":"summary_large_image","twitter_misc":{"Written by":"alico","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019"},"author":{"name":"alico","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"headline":"IMF predicts weak GDP Growth for Nigeria till end of 2019","datePublished":"2019-10-16T16:16:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019"},"wordCount":243,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg","keywords":["Economy of nigeria","GDP","IMF"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019","url":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019","name":"IMF predicts weak GDP Growth for Nigeria till end of 2019 - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg","datePublished":"2019-10-16T16:16:09+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7"},"description":"The International Monetary Fund (IMF) on Tuesday projected that Nigeria\u2019s Gross Domestic Product (GDP) growth will remain weak in 2019.","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/2019\/10\/5d4f558da310cf3e97965620.jpeg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/all-news\/imf-predicts-weak-gdp-growth-for-nigeria-till-end-of-2019#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"IMF predicts weak GDP Growth for Nigeria till end of 2019"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7","name":"alico","url":"https:\/\/www.africa-press.net\/nigeria\/author\/alico"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/16805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=16805"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/16805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/16807"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=16805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=16805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=16805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}