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South Africa Looks Set to Miss Economic Growth Forecast for 2024
South Africa risks missing its 2024 economic growth forecast after the agricultural sector’s deepest slump in at least three decades led to an unexpected contraction in the third quarter.
South African economy unexpectedly shrinks due to drought
South Africa's economy unexpectedly shrank in the third quarter of this year as a drought caused a big drop in agricultural production, but analysts said they expected a return to modest growth in the coming quarters.
South African Economy Shrinks 0.3%
The South African economy contracted in the third quarter after expanding in the previous quarter, data from Statistics South Africa
South Africa’s economy shrinks by 0.3% in the third quarter
South Africa’s economy unexpectedly contracted by 0.3% in the third quarter of 2024, despite steady electricity supply during the period, dragged down by a decline in agricultural output. According to data released by Statistics South Africa (Stats SA) on Tuesday,
South Africa's economy unexpectedly contracts in third quarter
South Africa's economy unexpected contracted in the third quarter of this year, driven by a big drop in agricultural production, statistics agency data showed on Tuesday.
13h
on MSN
Scotiabank misses profit estimates, projects modest economic growth in key markets
Bank of Nova Scotia reported fourth-quarter earnings below analysts' expectations and warned about modest economic growth in ...
1d
Unlocking Economic Growth: How The New Markets Tax Credit Program Transforms Communities Across America
One of the most powerful effects of the NMTC program is the creation of good-paying, quality jobs, which is a cornerstone of ...
21m
Weak Australian economic growth hits dollar
The Australian dollar weakened 1.1 per cent against the US dollar after the release of the figures. Goods exports grew 0.9 per cent in the quarter, boosted by coal, but services exports fell 3.6 per ...
1d
U.S. Economic Resilience Should Continue, But Cracks Are Forming
The US economy is far from recession. Economic growth remains robust, driven by strength in the services economy, along with ...
International Monetary Fund
9h
The Mysteries of Cities and Economic Growth
It’s impossible to think about economic growth without also thinking about cities’ vital role in connecting the world ...
1d
on MSN
A top Fed official leans toward December rate cut but says it depends on economic data
A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but ...
6d
US third-quarter economic growth unrevised at 2.8%
The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer ...
2d
Vietnam PM Aims for About 8% Economic Growth in 2025
Vietnam’s Prime Minister Pham Minh Chinh said the government will strive for economic growth of about 8% next year, ...
Global Times
2h
China-Laos Railway spurs regional economic growth
The China-Laos Railway has emerged as a catalyst for regional
economic
growth
three years after its launch, China's ...
1d
on MSN
Australia Q3 government spending jumps, boosts economic growth
Australian government spending jumped in the September quarter thanks to a splurge on infrastructure, data showed on Tuesday, ...
3d
Macro Data: Robust Economic Growth; Micro Data: Not So Much
The Magic of Seasonal Adjustment The macroeconomic data, like GDP and Retail Sales, tell us that the economy is still healthy.
Opinion
1d
on MSN
Opinion
Beijing should shift the engine of economic growth from exports to consumption with bolder monetary and fiscal measures
Beijing should shift the engine of economic growth from exports to consumption with bolder monetary and fiscal measures.
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