Mar 10, 2020 | Latest News | 0 comments

South Africa is in a technical recession

“The headline numbers that we released on 03 March show that the GDP contracted in the fourth quarter of 2019 by 1.4%. If we compare the fourth quarter with the corresponding period of the previous year, where we saw a contraction of 0.5%. And as we are releasing these results, it’s possible for us to calculate the growth for 2019 in totality to a small figure of 0.2%,” said Stats SA Deputy Director-General for Economic Statistics, Joe De Beer.

What does this mean?  Read Moneyweb’s article by Tebogo Tshwane on 3 March 2020 by clicking here. 

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