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According to it, the slow rollout of vaccines was the main factor weighing on the recovery for Low-Income Developing Countries (LIDCs) which Nigeria is part of. It also retained its 6% growth forecast for the global economy for 2021 and 4.9% in 2022, adding that though the global forecast was unchanged from the April 2021 WEO, there were offsetting revisions. The IMF had at its 2021 Virtual Spring Meetings in April, projected a 2.5% growth for Nigeria’s economy in 2021, up from 1.5% it projected in January. It said that in LIDCs, the overall fiscal deficit in 2021 was revised up by 0.3 percentage points from the April 2021 WEO, mainly because of the re-emergence of fuel subsidies as well as the additional COVID-19 and security related support in Nigeria.

United statesInternational monetary fundWorld economic outlookLines widenLow income developing countriesSpring meetingsGross domestic productஒன்றுபட்டது மாநிலங்களில்சர்வதேச பண நிதிஉலகம் பொருளாதார ஔட்‌லுக்குறைந்த வருமானம் வளரும் நாடுகள்வசந்த கூட்டங்கள்மொத்த உள்நாட்டு ப்ராடக்ட்