Tag Archives: oil price fall

India Takes Over China’s Growth Supremacy

By Sunburst Africa Editor The year 2015, will go down in history as an important one as it marks a turning point in an aged long legacy between the world’s largest planned economy and the planet’s biggest democracy. According to the International Monetary Fund’s World Economic Outlook released Tuesday, India’s economic growth will power past China’s for the first time since […]

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The Worst is Yet to Come for South African Consumers

By Vivian Atud The year 2015 started on a very high note for consumers in South Africa: oil prices were at record lows resulting in low petrol prices at the pumps, January also saw a decrease in consumer price inflation. The Reserve bank Monetary Policy Committee at the January MPC meeting kept interest rates unchanged, given a better inflation outlook […]

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Global economic update

The ECB’s earlier pledge to save the region from economic ruin by buying government bonds is compatible with EU law, announced ECJ advocate-general Cruz Villalon today. The opinion issued comes in response to a lawsuit brought by German opponents who claimed that the ECB’s Outright Monetary Transactions program, announced in August 2012, violates the EU treaty. While the opinion isn’t […]

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Is it Time for South Africa to Respond to the Oil Price Fall?

By Marcello Conti Millano- Sunburst Africa–The crisis in the oil price in 2014 is negatively affecting all markets of the world but the reactions of the governments are quite different. The United States, who have more resources to be allocated to consumption (retail sales in November rose by 0.7%), are celebrating, but the rest of the world is in worry. […]

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