Economist, Raymond Parsons, has welcomed with cautious optimism the growth of the country’s Gross Domestic Product (GDP) in the second quarter of 2019.
US stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump’s shock move to slap tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
Buying votes and corruption have long been part of the political game in Nigeria, but recession and an anti-corruption drive has meant less money for palm-greasing this time around and some voters are grumbling.
Germany’s economy stalled in the final quarter of 2018, just skirting recession as fallout from global trade disputes and Brexit put the brakes on a decade of expansion amid signs that exports will stay subdued for the time being.
Economist, Iraj Abedian, says all South Africans must adopt a sense of urgency in attempts to rescue the economy from declining further.