In its 2018 Economic Outlook released on Friday in Lagos, the LCCI also forecast an inflation rate of 13 per cent for the country next year. The Lagos Chamber of Commerce and Industry (LCCI) has predicted a Gross Domestic Product (GDP) growth rate of between three and four per cent for 2018.In its 2018 Economic Outlook released on Friday in Lagos, the LCCI also forecast an inflation rate of 13 per cent for the country next year.The Chamber said that the fundamentals of the economy were improving with numerous opportunities and potentials to catalyse growth and improve economic recovery.“Crude oil prices and output levels have recovered, foreign reserve is improving and inflation is on a steady decline.“It is expected that these impressive outcomes will be sustained into a better part of 2018.“Given the prevailing economic fundamentals and with government commitment to sustain economic reforms, we project GDP growth to record three per cent to four per cent in 2018.
