By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Thursday said that the euro area is beginning to record economic growth; though more needs to be done. Lagarde made this disclosure in her speech “The Interconnected Global Economy: Challenges and Opportunities for the […]
Tag: economy
Britain upgrades Q2 growth to 0.7% from 0.6%
Britain’s economy grew faster than thought in the second quarter, official data showed on Friday, extending a broadly based recovery. Gross domestic product (GDP) — the total value of goods and services produced in the economy — grew by 0.7 percent in the second quarter, the Office for National Statistics […]
U.S. new home sales fall sharply; house prices rise
Sales of new single-family homes in the United States fell sharply in July to their lowest level in nine months, casting a shadow over the country’s housing recovery. Sales dropped 13.4 percent to an annual rate of 394,000 units, the Commerce Department said on Friday. While government housing data is […]
