South Korea said Tuesday its economy is set to grow at its fastest rate in three years in 2017, on the back of strong exports and a $10 billion stimulus package aimed at creating jobs and bolstering welfare. South Korea has enjoyed a decades-long boom, but expansion has slowed more recently and economic and social … Read more
Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U. S. jobs report drove home the strength of the world’s biggest economy and set the stage for the Federal Reserve to raise interest rates next week. U.S. employment increased more than expected in February and wages rose steadily, … Read more
Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, the World Bank said in a report released on Tuesday. Growth in … Read more
Sub-Saharan African growth is expected to pick up modestly to 2.9 percent in 2017 as the region continues to adjust to lower commodity prices. This according to the January 2017 global economic prospects report published by the world bank. The report which gives a global outlook on the economic prospects is on the theme “Weak … Read more