World Bank cuts China, East Asia growth forecast

The World Bank on Monday trimmed its growth forecasts for developing East Asian economies this year and next, as China’s economic expansion loses momentum and policymakers face tighter global monetary conditions

WEF Competitiveness Report: SA drops to 56, worst spot yet

Geneva, Switzerland, 3 September 2014 – Africa’s economies are enjoying mixed success in their attempts to become more competitive, according to The Global Competitiveness Report 2014-2015, launched today. According to the report’s Global Competitiveness Index, only three sub-Saharan countries (Mauritius, 39th; South Africa, 56th; and Rwanda, 62nd) score in the top half of the world’s … Read more