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.
How do we prepare for such a recession?
- Open a trading account with a regulated broker like QuickTrade
- Learn how to use CFD’s to profit from a falling market
- Practise trading on a secure trading platform
- Familiarise yourself with multiple asset classes eg Forex, Stocks, Commodities and Indices
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