World News

IMF Lowers Global Economic Growth Forecast to 3.5%

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The International Monetary Fund (IMF) have cut its global economic growth forecast to 3.5 percent in 2015, down from 3.8 percent projected in October. Similarly, global economic growth in 2016 is projected 3.7 percent compared with the previous  four (4) percent, both years with […]

Elumelu to Lead Private Sector Agenda in Davos

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tony Elumelu, Nigerian Business Leader and Philanthropist, will be a leading voice highlighting the African private sector agenda at the upcoming World Economic Forum (WEF), according to a statement from Heirs Holding. According to the, Elumelu has been invited to speak on several high-level panels […]

ECB May Deliver $635 Billion to Steer Euro Away From Deflation

Jan 19, 2015/Bloomberg Mario Draghi is likely to announce a 550 billion-euro ($635 billion) bond-purchase program this week and won’t skimp too much on the details, economists say. The European Central Bank president will make his biggest push yet to steer the euro area away from deflation by announcing quantitative […]