Domestic Economy –Rundown:
The Nation’s GDP for Q3 grew to 2.28%
The Nation’s GDP for the third quarter of 2019, stood at 2.28%, as against second quarter of 2019 reported GDP that stood at 1.94%, while for the same Q2 revised growth stood at a GDP of 2.12%. The growth for the period under review represent a 17.5% quarter on quarter basis, while for the adjusted Q2 GDP, the economy grew by 7.5% on a quarter on quarter basis, whereas the annual GDP growth was 26%, as the prior GDP as at Q3 of 2018 stood at 1.81%.
Global Economy –Rundown:
Frontier Market stand to be pressured from current rate reversal
The borrowing head room created by low interest regime in the global market may be the highway to the drowning of frontier market countries that have not deployed such borrowed fund into profitable venture that will sustain the life cycle of such facilities. The current outstanding sovereign debt issued by frontier market is estimated at $200Billion for the last five years to mid-year of 2019, while an additional $38Billion is still expected to be raised before the current year end.