Nigeria’s 2024 Economic Outlook: How can Businesses thrive?

In 2023, the global economy demonstrated resilience in the face of uncertainties, with countries adapting to new realities and pursuing diverse strategies to navigate a dynamically challenging economic environment.

Global growth is expected to be mild (2.9%) in 2024, driven by continued geopolitical tensions, weak trade, and lower business and consumer confidence.

We expect inflation to continue to ease gradually back towards the monetary target in most economies causing softening of interest rate tightening by most central banks.