South Africa's economy enters 2nd recession

Published
South Africa’s latest economic data reveals it has slumped into a full recession, a second in 2 years. Statistics South Africa reported that the country's economy contracted by -1.4% during the fourth quarter of 2019.

These results meant that South Africa also slipped into its third recession since 1994. A country enters a technical recession if it experiences two consecutive quarters of economic contraction.

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READ MORE : http://www.africanews.com/2020/03/13/south-africa-s-economy-enters-2nd-recession-the-morning-call

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Category
South Africa
Tags
south africa, economy, recession