Browsing: International Monetary Fund

Nigeria’s economy, which was Africa’s largest in 2022, is projected to slip to fourth place this year following a series of currency devaluations, according to forecasts from the International Monetary Fund in their World Economic Outlook reported by Bloomberg. The country’s gross domestic product for this year is estimated at $253 billion at current prices, placing it behind North African powerhouses Algeria at $267 billion, Egypt at $348 billion, and South Africa at $373 billion.