South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March, 2017.
The downturn, due to weak manufacturing and trade, follows a 0.3% fall in GDP in the final quarter last year.
It is the first time that economic has...
recession in african country
south africa gdp
south african economy
The International Monetary Fund has affirmed Nigeria as the biggest economy in Africa, ahead South Africa and Egypt.
Nigeria was reported to have lost its spot as Africa’s biggest economy to South Africa in August 2016, following the recalculation of the country’s Gross Domestic Product...
imf news on nigeria
nigeria biggest economy in africa