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 ...

Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
US Tariffs to Cost Germans $23b
US President Donald Trump’s tariffs will lead to a drop in...