• Nigeria still number one economy in Africa – KPMG

    Nigeria still number one economy in Africa – KPMG

    The recent updated gross domestic product (GDP) estimates for African countries released by the International Monetary Fund’s (IMF) World Economic Outlook (WEO), which put South Africa as the largest economy on the continent has been faulted by KPMG as spurious, saying that the calculations behind the assertion are methodologically incorrect.

    The international professional services firm providing audit, tax and advisory services, says the reported US dollar estimates are based on GDP data from the end of 2015 while the exchange rate […]