Recession

United States rate hike may put Nigeria, others under pressure

The U.S. Federal Reserves decision to hike rates from 1.0 percent to 1.25 percent as announced by its chair, Janet…

Update-South Africa enters recession as economy shrinks 0.7% in Q1 2017

South Africa’s economy contracted in the first quarter of 2017, pushing the continent’s second largest economy into its first recession…

South Africa’s economy faces another recession in eight years

South Africa’s economy has moved into another recession in eight years, Bloomberg reports. This is the second time the country's…

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