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.
N…
http:///2020/03/13/south-africa-s-economy-enters-2nd-recession-the-morning-call
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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.
N…
http:///2020/03/13/south-africa-s-economy-enters-2nd-recession-the-morning-call
Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans.
Africanews is the first pan-African multilingual media outlet, unique in its concept and vision.
Subscribe on our Youtube channel and receive all the latest news from the continent.
- Category
- South Africa
- Tags
- southafrica, economy, recession
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