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IMF forecasts Nigeria’s economy drop to fourth largest in Africa

by Ikenna Ngere

Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook as reported by Bloomberg, estimated the country’s gross domestic product at $253 billion based on current prices this year, behind North African powerhouses Algeria at $267 billion, Egypt at $348 billion, and South Africa at $373 …

IMF forecasts Nigeria’s economy drop to fourth largest in Africa

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