Nigeria Sees 2016 GDP Expanding While IMF Forecasts 1.7% Slump

  • Nation forecasts bumper harvest from rice fields this year
  • IMF expects contraction, first full-year shrinkage since 1991

Nigeria’s government says its economy could still expand this year because of a bumper rice harvest, even as the International Monetary Fund forecast the first contraction in more than two decades.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.