Japanese factory output rose 4.0 percent in April from the previous month, official figures showed Wednesday, bolstering data indicating the world’s third-largest economy is finally seeing moderate expansion. However, the figure was slightly down on market expectations of a 4.2 percent rise and came a day after data showed consumer demand remains weak despite years … Read more
Japan has posted its longest economic expansion in over a decade, government data showed Thursday, chalking up a win for Tokyo’s growth bid even though the battle to conquer deflation is still far from won. The world’s number three economy grew 0.5 percent in the first three months of 2017, its fifth straight winning quarter, … Read more
Higher consumer spending has helped to boost growth in the economy Germany’s economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show. First-quarter GDP growth was 0.6%, faster than the October-to December 2016 figure of 0.4%. Household and state spending were strong, while firms invested money … Read more
The US economy slowed dramatically in the first three months of the year, according to official data. GDP expanded at an annual rate of 0.7% in the first quarter – the slowest rate since the first quarter of 2014. It will be unwelcome news for President Donald Trump who, during his election campaign, made a … Read more
The Ghana Statistical Service(GSS) has announced that provisional Gross Domestic Product (GDP) figures for 2016 was 3.5 percent. According to the service, the value of the GDP in the period represents of GHS36.0 billion. President Nana Akufo-Addo during the State of the Nation Address announced that Ghana missed almost all the fiscal targets set by … Read more
Japanese exports recorded their biggest gain in more than two years in March, official data showed Thursday, in a sign of optimism for the world’s third-biggest economy. The strong result, which came in better than expected, backs up the view that Japan’s economic growth is picking up steam. The International Monetary Fund (IMF) on Tuesday … Read more
The US economy grew slightly faster in the last three months of 2016 than originally reported, but still experienced a significant slowdown, the Commerce Department reported Thursday. An uptick in consumption and business inventory investment saw the final estimate for fourth quarter GDP growth rise to 2.1 percent, an upward revision of 0.2 points from … Read more
Most Asian markets fell Monday and the dollar struggled on fears the collapse of Donald Trump’s repeal of Obamacare could mean he will struggle to push through his promised tax-cut and infrastructure spending policies. In a severe early blow to the new administration, the healthcare reform was pulled Friday as it failed to garner enough … Read more
Japan’s ruling party on Sunday extended term limits for its leaders, a change that gives Prime Minister Shinzo Abe a shot at becoming Japan’s longest-serving post-war leader. Abe would have had to step down as party leader and prime minister in September next year, even if his Liberal Democratic Party (LDP) were still in power. … Read more
The government of Nana Addo Dankwa Akuffo-Addo will restore fiscal discipline in the Ghanaian economy and reverse its dwindling fortunes, Ken Ofori-Atta, Minister of Finance, has said. Presenting the government’s budget to parliament on Thursday 2 March, he said: “The country’s debt stock has reached a level of approximately 73 per cent of GDP as … Read more
Ghanaian leaders from the public and private sector have applauded Rwanda’s transformation journey following the 1994 Genocide against the Tutsi. The 20 Ghanaian business leaders, investors and government officials were in the country on a five-day business trip last week to learn from Rwanda’s success story, according to Kojo Akoto Boateng, one of the organisers … Read more
U. S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on Friday in its first estimate … Read more
The UK economy grew by 0.6% in the third quarter, according to official figures, faster than previous estimates. Growth for the July-to-September period had originally been estimated at 0.5%. New data from the Office for National Statistics (ONS) suggested that the business and financial sector was more active than previously estimated. The ONS also said … Read more
Nigeria is used to making big headlines—it has Africa’s biggest population, Africa’s biggest film industry, and Africa’s biggest bravado. But in August, Nigeria made the news for being smaller. The West African oil giant recently lost its crown as the largest economy in the region to South Africa after the International Monetary Fund (IMF) recalculated … Read more
It is not a pleasant situation at all, as Nigeria faces recession; many businesses are in dire straits, consumer demand in the pits and banks refusing to extend credit. Presently, businesses struggle to survive, unemployment and redundancy striving, while entrepreneurs are now winding down. For Nigeria’s economy to be revamped, her government and citizens must … Read more