Tag: exit
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South African confirms exit from recession
South Africa’s Statistician-General, Pali Lehohla has confirmed the exit of his country from economic recession. Lehohla said in Pretoria that the economy expanded 2.5 per cent in the three-months to the end of June after contracting by 0.6 per cent in the first quarter and by 0.3 per cent in the final quarter of 2016.…
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BREAKING: Nigeria finally exits recession
Nigeria is finally out of recession as data on the country’s Gross Domestic Product released today shows that the economy grew at 0.55 per cent in the second quarter of 2017. This is 2.04 per cent higher than the rate recorded in the corresponding quarter of 2016 and higher by 1.46 per cent points from…