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South Africa: Economy In Recession, Agriculture Takes Hardest Knock
allAfrica, 3 March 2020
New figures released by Statistics South Africa have shown that the country's economy shrank by 1,4% in the fourth quarter of 2019. Read more »
New figures released by Statistics South Africa have shown that the country's economy shrank by 1,4% in the fourth quarter of 2019. This follows a contraction of 0.8% in the third quarter, which means that the economy was in recession for the last half of 2019.
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South Africa is showing that, with its New Growth Path, it has learned the Great Recession's lesson ÂÂ in a way that America still has not, writes Joseph E. Stiglitz. Read more »
Good news for South Africans is that the gross domestic product figures released by Statistician-General Risenga Maluleke, shows an increase of 2,2%. However despite the rebound, ... Read more »
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 ... Read more »
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