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Analysis by Region - Africa

Publisher Oxford Economics
Published Mar 28, 2022
Length 6 Pages
SKU # OFE17063649

Description

Analysis by Region - Africa

While economic activity was bolstered by the non-oil sectors in 2021, and real GDP expanded by 3.6%, improvements in the oil sector are expected to sustain a strong economic performance in 2022. Elevated oil prices should bolster the hydrocarbons sector, and these benefits will be compounded as oil output recovers and the new Dangote oil refinery comes online. Consequently, economic growth is forecast at 3.4% in 2022 and 2.9% in 2023.

Table of Contents

6 Pages
Nigeria: Booming oil sector forecast to lift real GDP by 3.4% in 2022
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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