Video Duration 25 minutes 00 seconds
From: Counting the Cost

Where is the global economy heading?

We ask if the numbers coming out of China can be trusted, and whether Africa is doing enough to realise its potential.

This week on Counting the Cost, we look at the global economy and where it is heading.

As China reports much anticipated growth figures we take a closer look at how that fits into the global picture and go behind the numbers with Jorge Mariscal, the chief investment officer for Emerging Markets at UBS Wealth Management. Can we trust the numbers that come out of China, and treat them as the most accurate numbers we could possibly get? And when will we actually stop calling China an emerging market?

Egypt’s economy has been hit hard by the aftermath of the Arab Spring. Qatar has doubled the amount of aid it is sending and Cairo is trying to negotiate a $4.8bn deal with the International Monetary Fund (IMF). But the population is suffering and there seems to be no end in sight.

Sub-Saharan Africa has a different problem – how to harness all its natural resources to boost economic growth and not just line the resource companies’ pockets? Nosizwe Nokwe-Macamo, the chief executive of South Africa’s state oil company PetroSA, lays out her ideas for the future and tells us which country is the game changer for the whole region.

Plus, making money in sport: The world’s top golfer, Rory McIlroy, becomes the $100m man – thanks to his new friends at Nike. Counting the Cost spoke to him and the head of Nike golf, Cindy Davis.

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Watch each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630. Click here for more Counting the Cost.

Follow Kamahl Santamaria @KamahlAJE and business editor Abid Ali @abidoliverali