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IMF Staff Concludes Visit to Nigeria
October 8, 2019--A slow economic recovery is continuing, inflation is falling, and external buffers are declining in the face of increased portfolio outflows.
Elevated fiscal deficits rely on central bank financing, which complicates monetary policy.
Action on a coherent and coordinated set of policies is urgently needed to reduce vulnerabilities and increase growth over the medium term.
An International Monetary Fund (IMF) staff team led by Amine Mati, Senior Resident Representative and Mission Chief for Nigeria, visited Lagos and Abuja from September 25 to October 7, 2019 to discuss recent economic and financial developments, update macroeconomic projections, and review reform implementation.
view the IMF Staff Concludes Visit to Nigeria
Source: IMF
Rand weakens on report China may play hardball with US
October 7, 2019--The local currency fell on news China may be reluctant to accept comprehensive trade deal with the Trump administration.
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Source: FIN24
JSE bucks global trend to close firmer
October 7, 2019--The JSE bucks the trend in other global markets as it surged to close firmer on Monday.
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Source: FIN24
Stocks slump further as growth fears rise
October 3, 2019--The JSE closed weaker for a second consecutive session as global markets remained subdued due to weak economic data.
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Source: FIN24
JSE tumbles as global growth fears spread
October 2, 2019--With the Chinese markets still closed for a holiday, the Hang Seng and Nikkei lost 0.19% and 0.49% respectively as they reacted to worse than expected US economic data.
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Source: FIN24
Nigeria: Why Nigeria's Economic Growth Is Slow-Report
October 2, 2019--The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation's economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.
The Assessment of the Effectiveness of Government Policies and Programmes on Economic Growth and Development, 2016-2019, which undertakes to review the main economic goals of the current government, examines the implementation of policies and programmes and broadly assesses their effectiveness. It observed that growth rates while turning positive, have been lower than stated targets.
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Source: allafrica.com
Resources lift the JSE
October 1, 2019--With Chinese markets closed for a holiday, there was little sentiment filtering from that market. In Japan, the Nikkei eventually closed 0.59% firmer.
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Source: FIN24
Local bourse tracks Asian stocks lower
September 30, 2019--The greenback strengthened against a basket of major currencies which saw it peak as high as 99.46 index points on the US dollar index.
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Source: FIN24
Worst third quarter since 2011 halts SA stocks' ascent
September 27, 2019--Worries about global growth, the prolonged trade war and a moribund economy have stopped South African stocks in their tracks.
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Source: FIN24
Local markets close week in limbo
September 27, 2019--Equity markets have traded mixed on Friday as uncertainty around impeachment proceedings in the US continued to hold the market back.
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Source: FIN24