Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,941 members, 7,817,752 topics. Date: Saturday, 04 May 2024 at 06:38 PM |
Nairaland Forum / Nairaland / General / Politics / South Africa Falls Into Second Recession In A Decade (565 Views)
Clem Agba: We Are Heading For Second Recession In Four Years / Nigeria Faces Worst Recession In 40 Years – World Bank / Nigeria Heading Into Worst Recession In 30 Years –IMF (2) (3) (4)
(1)
South Africa Falls Into Second Recession In A Decade by AlphaT1(m): 2:49pm On Jun 06, 2017 |
South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March. The downturn, due to weak manufacturing and trade, follows a 0.3% fall in GDP in the final quarter last year. It is the first time that economic has slowed for two consecutive quarters - the technical definition of a recession - since 2009. The value of the rand fell by 1% on the currency markets. Analysts had expected GDP to grow by 0.9% during the first quarter. However, Joe de Beer, deputy director general of Statistics South Africa, said: "We can now pronounce that the economy is in recession." He added: "The major industries that contracted in the economy were the trade and manufacturing sectors." http://www.bbc.com/news/business-40173590?ocid=socialflow_facebook |
Re: South Africa Falls Into Second Recession In A Decade by Mynd44: 2:57pm On Jun 06, 2017 |
(1)
STORY: The Strong Men Of Rivers Who Became Very Close Friends By Circumstances / An Open Letter On The South East Issue / Buhari Refused To Sign, shame unilag Osinbajo Is involve Criminals Harrasement
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 5 |