S. Africa Economy Contracts
World Economy

S. Africa Economy Contracts

South Africa’s economy contracted for the first time in more than a year during the second quarter of 2015, signaling continued strain that could inhibit the central bank from raising interest rates further, Reuters reported. Gross domestic product in Africa’s most industrialized economy declined by 1.3% in the second quarter after rising 1.3% in the first three months of the year, Statistics South Africa said. This was the first quarter-on-quarter decline in Africa’s most advanced economy since the first three months of 2014, and was far below the most pessimistic forecast in a Reuters survey of economists.

Short URL : https://goo.gl/YzmU4l
  1. https://goo.gl/cWr3Wl
  • https://goo.gl/t7bgqk
  • https://goo.gl/aGTMBk
  • https://goo.gl/YxhExK
  • https://goo.gl/VFXQ6T

You can also read ...

Thai CB Retains Key Rate
Thailand’s central bank on Wednesday left its key interest...
China and India continue to remain the most promising investment destinations in 2017.
Developing Asia is expected to witness a 15% increase in...
Brazil Raises Deficit Ceiling
Brazil is raising its deficit ceiling for this year and 2018...
Elon Musk, Kevin Plank, Bob Iger, Richard Trumka, Kenneth Carleton Frazier
The honeymoon is definitely over. When US President Donald...
Riksbank is under pressure to tighten its ultra-loose monetary policy.
Underlying inflation topped the Swedish central bank’s target...
Crude oil accounts for 96% of exports and around half of state revenue.
Venezuela might look bad right now amid protests, scarce food...
At 310% GDP, China’s banking sector is above the advanced economy average and nearly three times  the emerging market average.
China's economy is looking good enough that the International...
US Household Debt at $12.8 Trillion
US household debt reached a new record in the second quarter,...