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IMF projects Nigeria’s economy to grow by 4.4% in 2026, supported by reform efforts

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MON JAN 19 2026-theGBJournal| The International Monetary Fund projects in its January 2026 World Economic Outlook that, Nigeria’s growth is expected to in 2026 to 4.4% (vs 4.2% in 2025), just as sub-Sahara Africa growth is expected to reach 4.6% in 2026 and 2027, supported by macroeconomic stabilization and reform efforts in key economies.

At the global level, economic activity is projected to remain resilient in 2026, with world output growth at 3.3%, easing marginally to 3.2% in 2027.

The outlook reflects a global economy that is steady amid divergent forces, as technology investment, accommodative financial conditions, and private-sector adaptability continue to offset headwinds from trade policy uncertainty and geopolitical tensions.

Growth across advanced economies remains modest but stable. The United States is projected to expand by 2.4%, supported by easing financial conditions and productivity gains linked to technology adoption.

The Euro Area records gradual improvement Germany (1.1%), France (1.0%), and the United Kingdom (1.3%) though structural constraints and weak investment continue to limit growth potential. Japan (0.7%) remains weighed down by demographic and demand-side pressures.

Emerging market and developing economies continue to drive global growth. China (4.5%) reflects a moderated but stable expansion consistent with structural rebalancing, while India (6.4%) remains the fastest-growing major economy, underpinned by strong domestic demand and investment.

In the Middle East, Saudi Arabia (4.5%) reflects diversification efforts and normalization in the oil sector.

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