Archives of Economy & Business

While Sub-Saharan Africa’s economy is on a more solid trajectory, challenges to the outlook remain. Nonetheless, growth is expected to come in at a four-year high in 2018 as higher commodity prices, a healthy global economy, improved agricultural output and solid government spending are seen supporting the economy.

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 […]

The global economy is expected to grow 3.4% in 2018, which would represent the strongest rate in seven years. Focus Economics, highlights some notable economies that are growing (and shrinking) across the world in 2018

The Brazilian real (BRL) sunk in value against the U.S. dollar in April amid a wave of political noise in the country. On 13 April, the real closed the day at 3.42 BRL per USD, which represented a 5.0% depreciation over the same day of the previous month and marked its lowest value since December […]

In March, energy prices recovered some of the ground lost in the previous month, when oil prices tumbled in the wake of the massive sell-off in U.S. equity markets and concerns that global oil markets were oversupplied. Energy prices rose 1.4% month-on-month in March (February: -4.2% mom).

Global commodity prices are expected to withstand ongoing political uncertainties this year and next. Chinese officials adopted a more conciliatory tone in recent days, signaling a potential end to the ongoing trade war with the U.S. Moreover, data for Q1 confirms that the global economy remains in good shape, shoring up demand for commodities. However, […]

US president Donald Trump’s proposed tariffs on steel and aluminium imports risk a global trade war and could threaten rising oil demand growth, the International Energy Agency said on Thursday.Global oil demand is expected to rise by 1.5m barrels a day in 2018 — to 99.3m b/d — which is an upward revision of almost […]

Energy Strong fundamentals continue driving prices up in January, but some warning signs have started to emerge The global oil market is rapidly rebalancing, and analysts consider that the global oil glut has finally disappeared. However, the latest data suggests that U.S. shale oil producers are quickly ramping up production, threatening to jeopardize the efforts […]