Moody’s Investors Service, the bond credit rating business of Moody’s Corporation, on Tuesday said Nigeria’s economic growth was resilient, predicting that the country could emerge as the largest economy in Africa by 2020. The firm’s report obtained by our correspondent said, “Nigeria’s $260bn economy is on track to overtake South […]
Tag: Economic
First-quarter GDP seen at 3 percent but momentum ebbs
Economic growth probably gained steam in the first quarter on strong consumer spending, but the momentum is already ebbing and could slow further as the impact of automatic government spending cuts kick in. Gross domestic product likely expanded at a 3.0 percent annual rate, according to a Reuters poll of […]
Regional Economic Growth to ease 7.6% in 2014-Report
-As World Bank IMF Set for Spring Summit By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The World Bank Monday projected a regional economic growth that will ease to 7.6 percent (7.6%) in 2014 from 7.8% in 2013 as its sets with the International Monetary Fund (IMF) for its annual spring meeting. The […]
