May 9, 2021
  • May 9, 2021

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Analysts seek reforms to focus on household income growth

by on April 21, 2021 0
Last week, the NBS released its GDP report based on the expenditure approach, estimated using the well-known GDP = C+I+G+(X-M) computation. The report indicated that household consumption accounted for the largest share of real GDP, at 60.4 perceent in 2020. Meanwhile, Gross Capital Formation, Net Trade Balance and General Government Expenditure accounted for 15.0... Read More

China’s economy grows 18.3%, biggest GDP jump since 1992

by on April 16, 2021 0
China’s economy grew a record 18.3 percent in the first quarter of 2021 compared with -6.8 percent decline in the first quarter of last year. It’s the biggest jump in the Gross Domestic Product (GDP) since China started keeping quarterly records in 1992. However, Friday’s figures are below expectations, with a Reuters poll of... Read More

US economy rises 1% in Q4, stronger than economists projections

by on January 28, 2021 0
The U.S. economic recovery stumbled but didn’t collapse at the end of last year, setting the stage for a much stronger rebound this year. Gross domestic product rose 1 percent in the final three months of 2020, the Commerce Department said Thursday. That represented a sharp slowdown from the previous quarter when business reopenings led... Read More

Kenya economy slips into recession as Q3 GDP falls 1.1%

by on January 28, 2021 0
Kenya slid into a recession for the first time in at least two decades in the third quarter of 2020 as measures introduced by the East African state to slow the spread of the Covid-19 pandemic continued to hurt output. Gross Domestic Product (GDP) in East Africa’s biggest economy fell 1.1 percent compared with... Read More

South Africa out of recession as economy rebounds in Q3

by on December 8, 2020 0
* S/Africa GDP Far From Pre-Covid Levels Even as Recession Ends * GDP expands 66.1% in Q3 South African Gross Domestic Product (GDP) expanded an annualized 66.1 percent in the three months through September recovered from the previous quarter following a 51.7 percent decline in the second quarter, Statistics South Africa said Tuesday. The... Read More