Economic growth in the first quarter is expected to have slowed mainly due to the electricity supply constraints.
Most economists have projected that gross domestic product (GDP) will decline sharply from 4.1% to 1.4% quarter-on-quarter.
On Tuesday, Statistics South Africa … Read the rest
Last week the International Monetary Fund updated its data on the world economy. For the first time it ranks China’s economy as the world’s biggest in purchasing-power-parity terms.
Historians, though, point out that China is merely regaining a title that … Read the rest
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The economy shrank from October through December for the first time since
… Read the rest