Thursday 26 February 2015

Nigeria Ranks 6th In Bloomberg's 20 Fastest- Growing Economies!

Bloomberg survey of economists showed Nigeria, Africa's largest economy, which ranked 6th on the graph, is projected to expand 4.9 percent in 2015. 
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The survey revealed that China, the Philippines, Kenya, India and Indonesia, which together make up about 16 percent of global gross domestic product, are all forecast to grow more than 5 percent in 2015.
Kenya will probably grow 6 percent, even as unemployment and poverty remain stubbornly high, with over 40% of Kenyans living below the poverty line.

In all, the world is expected to grow 3.2 percent in 2015 and 3.7 percent in 2016 after expanding 3.3 percent in each of the past two years.  

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