Nigeria Economic Outlook - PwC

Nigeria Economic Outlook

Top 10 themes for 2019

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Nigeria Economic Outlook Top 10 themes for 2019

Disclaimer

This document has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law. PricewaterhouseCoopers Limited, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Nigeria: Economic Outlook

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Global Economic conditions

Nigeria Economic Outlook Top 10 themes for 2019

Global economic outlook in 2019

The World Bank forecasts global growth to slow to 2.9% in 2019 from initial growth forecast of 3.5%

Global growth is forecast to plateau, while some major nations including the US and China are on track to see marginally slower rates of growth

The World Bank predicts growth in Sub-Saharan Africa to grow to 3.4%, due to improved investment in large economies and continued robust growth in non-resource intensive countries

A surge or sudden drop in the price of crude could pose problems for the World economy

Risks on the horizon from rising protectionism as the US imposes import tariffs on goods, as well as the rise of populist politicians in other countries

Geopolitical risks could also resurface, including an escalation of tensions of the Middle East

Besides the risks from Brexit, the US-

China trade war and fears of the US Fed

hiking rates, several other risks linger

Nigeria: Economic Outlook

on the sidelines for the World economy

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Nigeria Economic Outlook Top 10 themes for 2019

Top 10 Economies in Africa in 2018

2.5%

US$630.5 billion

Algeria

1.9%

US$1.121 trillion

Nigeria

-0.7%

US$197.9 billion

Nigeria: Economic Outlook

Angola

* Real GDP growth (2018); Nominal GDP (2017) * Nominal GDP based on PPP

Egypt

8.2%

US$1.13 trillion

Ethiopia

8.2%

US$199.3 billion

Kenya South Africa

5.9%

US$163.3 billion

1.7%

US$765.5 billion 5

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