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  • BGL NigerianEconomyQ32010Project

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    Adebayo Durodola
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    The IMF raised its projection of global economic growth in 2010 to 4.5% from its April forecast, driven by strong growth in Asia, particularly China. However, concerns over fiscal sustainability in the Eurozone pose downside risks to the region and global projections. The IMF maintained its projections of 5% growth for Sub-Saharan Africa and 7% for Nigeria's economy in 2010.

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    BGL.NigerianEconomyQ32010Project

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    The IMF raised its projection of global economic growth in 2010 to 4.5% from its April forecast, driven by strong growth in Asia, particularly China. However, concerns over fiscal sustainability in the Eurozone pose downside risks to the region and global projections. The IMF maintained its projections of 5% growth for Sub-Saharan Africa and 7% for Nigeria's economy in 2010.

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    13 views3 pages

    BGL NigerianEconomyQ32010Project

    Uploaded by

    Adebayo Durodola
    The IMF raised its projection of global economic growth in 2010 to 4.5% from its April forecast, driven by strong growth in Asia, particularly China. However, concerns over fiscal sustainability in the Eurozone pose downside risks to the region and global projections. The IMF maintained its projections of 5% growth for Sub-Saharan Africa and 7% for Nigeria's economy in 2010.

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    of 3

    Nigerian Economy in 2010 Q3

    Strategic Projection

    Global Economic Development & Outlook

    - IMF-WEO, July 2010 was reviewed upward to 4.5% by


    0.5% from April based on strong growth in economic
    activities in April
    - The world economy grew at an annualized rate of 5% in
    first quarter of the year on the back of robust growth in Asia
    (7.5%)- the Asia economy accounts for 26% of the world
    economy
    - Heightened concerned over the fiscal sustainability of the
    Euro area puts downward risk pressure on the projection of
    the zone
    -The volatility of the financial system consequent on the
    shock created by the Euro zone challenges during the
    period is yet to affect real activities globally as shown by
    the upward trends in the indicators, the expected slowdown
    in the Euro Zone would affect the global projection.
    -The projected growth of the SSA is sustained at 5% and
    Nigeria at 7% for the year 2
    Fri. 19 Presentation for: BGL Securities Limited 3

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