Gulf Oil and Gas accountACCOUNT

Africa Economy in December 2014

Source: OPEC 12/11/2014, Location: Africa

Share |
South Africa’s GDP grew 1.4% y-o-y in the 3Q14 after platinum mines restarted production following a five-month strike. On a quarterly basis, GDP grew 0.4% in the 3Q from the previous quarter, compared with -0.4% and -0.1% in the 1Q and the 2Q, respectively. The latest improvement signals a recovery in the mining sector after a long interruption that ended in June and a four-week strike at factories a month later. Average GDP growth for the first three quarters stands at 1.5% y-o-y, notably lower than the annual growth of more than 2.2% in the past two years. Despite slight improvements, such a rate of growth remains too slow to significantly reduce the high rate of unemployment of more than 25% reported during January-September 2014.

In Egypt, the annual inflation rate increased to 11.8% in October of 2014 from 11.1% in September. It is the highest value since November of 2013, mainly due to a rise in food prices. In line with further political stability, the country’s GDP growth started improving in the 4Q13, rising from 1.0% y-o-y growth in the 3Q13 to 1.4% and 2.5% in both the 4Q13 and the 1Q14, respectively. The economy expanded 3.7% y-o-y in the 2Q14, its fastest growth rate since the 2Q12.

Economics/Financial Analysis News in Egypt >>

Nigeria >>  8/1/2018 - KBR, Inc. has been awarded an LNG FEED contract by Nigeria LNG (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. ...
Egypt >>  7/24/2018 - HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam Holding (HAH) is entering a joint venture (JV) wit...

Morocco >>  7/23/2018 - Sound Energy, the Moroccan-focused upstream gas company, announces, following the initial success in Eastern Morocco and in anticipation of the forthc...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Egypt >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.