Latest in Tag: Economy Highlight

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Latest in Tag: Economy


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Egypt is committed to fiscal consolidation and economic reform plan: Fitch

Egypt’s new budget and lower electricity and fuel subsidies demonstrate a continued commitment to fiscal consolidation and economic reform, backed by the country’s IMF loan programme, Fitch Ratings said in a recent note. “Narrowing the fiscal deficit supports Egypt’s sovereign credit profile, but significantly reducing the public debt ratio is a multi-year task,” the note …

Elsayed Solyman

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South African economy shrinks, slips into recession

Africa’s third-biggest economy contracted in the first quarter of this year, entering recession for the first time in eight years amid weak manufacturing output and slumping trade.Official data released by South Africa’s statistics agency, Stats SA, on Tuesday showed Africa’s largest economy contracting by 0.7 percent between January and March this year, following a 0.3 …

Deutsche Welle

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Japan in longest economic expansion in a decade

The world’s third-largest economy has grown again in the first quarter, marking a long string of gains since 2006. But analysts warned that the nation’s long battle to conquer deflation was far from over.Japan’s economy grew by 0.5 percent quarter on quarter in the first three months of the year, fresh statistical data showed Thursday, …

Deutsche Welle