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Issues In The News

Again! Nigeria tops 2015 Global Economic Growth Projections – Bloomberg

Nigeria, China, the Philippines, Kenya, India & Indonesia will rank among the 20 fastest growing economies this year; according to Bloomberg. The 2015 Bloomberg report submits that “Nigeria, Africa’s largest economy, is projected to grow at 4.9%.”

This is coming after a projection earlier by the CNN that Nigeria’s economy will be the 3rd fastest growing in 2015 after China & Qatar. Other countries that made the list of 20 include Malaysia, Peru, Thailand, United Arab Emirates (UAE), Kazakhstan, Colombia & Saudi Arabia. Taiwan, Turkey, South Korea, Poland, Mexico, Ireland and Singapore also made the list.

Emerging markets in Asia & Africa still reign supreme: They are at the top of global growth projections over the next 2 years, said Bloomberg.

The world is expected to grow 3.2 per cent in 2015 and 3.7 % next year after expanding 3.3% in each of the past two years; the report added.

China still remains the fastest-growing G-20 nation, even though the Asian economy is no longer expanding at the pace it did a few years ago. China’s economy grew 7.3 per cent in the fourth quarter of 2014 from a year earlier, and is expected to slow to 7 per cent in 2015.

US growth forecasts for 2015 are coalescing around 3 per cent even as the dollar soars to its highest level in more than a decade.

– See more at: http://www.thewhistleng.com/again-nigeria-tops-2015-global-economic-growth-projections-bloomberg/#sthash.haEtNzFB.0oje3u7m.dpuf

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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