Consumer spending that rose at the fastest pace in three years helped the U.S. economy grow at a 3.2 percent pace in the fourth quarter, overcoming government cutbacks and laying the foundation for a stronger expansion. The rate of growth in the world’s largest economy followed a 4.1 percent advance […]
Tag: Inflation
Lesotho Records 6% GDP in 2013/14-IMF
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Real Gross Domestic Product (GDP) growth of highland African kingdom of Lesotho has remained strong in 2013/1 at around 6 percent (6%) according to the International Monetary Fund (IMF). This is coming on the heels of the IMF’s team led by David Dunn, who visited […]
South Africa’s central bank hikes key rate to 5.5%
South Africa’s central bank raised its key interest rate to 5.5 percent on Wednesday as concerns grew over its weakening currency amid an emerging market rout. The bank hiked its key interest rate – the rate at which it lends to commercial banks – 50 basis points (bps) to 5.5 […]
