The World Bank has retained its projection for Nigeria’s economic growth rate for 2026 at 4.1 percent.
The Washington-based organization announced the projection in its 2026 ‘Global Economic Prospects’ report on Thursday.
The global financial institution also maintained its forecast for Nigeria’s economic growth rate for 2027 at 4.2 percent.
In addition, the World Bank said conflict in the Middle East has triggered a fresh shock to the global economy, raising energy prices, renewing inflationary pressures and slowing growth prospects across emerging and developing economies.
The bank projected global growth to moderate to 2.5 percent in 2026 from 2.9 percent in 2025, citing weaker prospects for economies dependent on energy imports and countries directly affected by hostilities.
“The global economy is facing another major shock,” the report said.
“The conflict in the Middle East has triggered sharp increases in energy prices, renewed inflationary
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