Economy

Africa’s GDP recovery expected to grow by .5% in 2018

by Editor

January 18, 2018 | 12:16 pm
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In this photo taken Tuesday Oct. 20, 2015, a money changer counts Nigerian naira currency at a bureau de change, where a dollar buys 222 naira compared to the official rate of 198, in Lagos, Nigeria. The IMF is pressing Nigeria to further devalue its naira currency amid uncertainty over the political and economic outlook for Africa's biggest oil producer and economy. Analysts said there's disappointment that President Muhammadu Buhari's long-awaited Cabinet list includes no economic stars. The naira has lost 25 percent of its value in the past year and the stock market has plummeted because of political uncertainty and halved prices for oil that provides most government revenue.(AP Photo/Sunday Alamba)

Africa is expected to see a recovery in Gross Domestic Product (GDP) growth from its present 3.0 per cent to 3.5 per cent in 2018. This is according to a statement obtained from the UN Economic Commission for Africa (ECA) website on Wednesday in Abuja. Africa’s GDP will further grow to 3.7 per cent in…


by Editor

January 18, 2018 | 12:16 pm
  |     |     |   Start Conversation

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