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: Growth
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 […]
