OECD posts positive outlook on Africa

Note: This section contains information in English only.
Source: WBP Online

On Monday, the Organization for Economic Cooperation and Development stated in its Economic Outlook 2016 for Africa that, on average, the continent's economies will rise 3.7% in 2016, while the pace of Africa's economic growth in 2017 will be faster and should grow to 4.5%. 


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Mon, 23 May 2016 14:42:04 GMT

US stocks open slightly in red

The largest US stock markets opened Monday's trading session slightly lower. At the start of the session, the Standard and Poor's 500 Index dropped 0.06%, opening at 2,048.21 points. In the meantime, the Dow Jones Industrial Average Index lost 0.03%, opening at 17,476.26, whereas the Nasdaq Composite Index declined 0.05%, starting at 4,769.56 points.

Mon, 23 May 2016 13:32:14 GMT

Euro zone's PMI slows down in May

The Markit Flash Composite PMI dropped to 52.9 in May, following the 53.0 result seen in April and posting the lowest result this year. Analysts polled by Reuters expected the Index to improve to 53.2. In the meantime, the Flash Manufacturing PMI came in at 51.5 in May, down from 51.7 in the previous month and compared to market expectations

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