See why KPMG downgraded Nigeria’s economic growth

  • Klynveld Peat Marwick Goerdeler (KPMG) has released a new forecast on Nigeria’s economic growth in 2023
  • According to respected financial institutions, Nigerians should expect growth slower compared to its earlier forecast
  • Its predictions are based on inflation, high debt to service, oil production, and the continuing struggle of the naira.

Global financial service firm, KPMG has announced a new forecast for the Nigerian economy in 2023.

In a flashnote titled ‘Underwhelming Q2 2023 GDP Growth Recorded’, KPMG adjusted its growth forecast to 2.65 percent – down from 2.85 percent earlier projected.