One Year Later, Recession Hits South Africa Again
According to Statistics South Africa, the country has entered a technical recession due to a fall-off in activity in the agriculture, transport, trade, government and manufacturing industries. This comes one year after Statistician General Pali Lehohla declared the economy's exit from technical recession in September 2017.
South Africa: Economy Slips into Technical Recession as GDP Drops
, 4 September 2018
The South African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised). This followed a… Read more »
Finance Minister Malusi Gigaba stressed that inclusive growth and economic transformation should be advanced, despite the country's bleak economic outlook. Read more »