Archive of month: June 2018

Recently revised data from the Statistical Institute (INE) showed an unexpected and prolonged recession over the past two years, contrasting previously announced figures of a moderate recovery in GDP growth last year. According to the new figures, the economy shrank 2.5% in 2017, held back by subdued domestic demand. Public spending on defense and social […]

The Consensus Forecast projects that the recovery in Sub-Saharan Africa’s economy will gain steam this year, thanks to stronger growth in major players Nigeria and South Africa. Firmer commodity prices and healthy foreign demand will support regional growth, although several challenges to the outlook exist, including high debt, large imbalances and vulnerability to fluctuations in […]