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Global Uncertainty Continues to Slow Growth in Africa's Economies
October 9, 2019-Initiatives to empower poor people, girls and women are essential to progress
Growth in Sub-Saharan Africa remained slow through 2019, hampered by persistent uncertainty in the global economy and the slow pace of domestic reforms, according to the 20th edition of Africa's Pulse, the World Bank's twice-yearly economic update for the region.
Overall growth in Sub-Saharan Africa is projected to rise to 2.6 percent in 2019 from 2.5 percent in 2018, which is 0.2 percentage points lower than the April forecast. This edition of Africa's Pulse includes special sections on accelerating poverty reduction and promoting women's empowerment.
view the World Bank Africa's Pulse, No. 20, October 2019 : An Analysis of Issues Shaping Africa's Economic Future
Source: World Bank
Nigeria: Nigeria Stock Market Indices Slump Further By 0.45%
October 8, 2019--Activities on the nation's bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent.
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Source: allafrica.com
JSE slips as trade concerns spread
October 8, 2019--The local bourse eventually closed softer on Tuesday despite opening flat.
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Source: FIN24
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
