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Nairaland Forum / Nairaland / General / Business / Rand Plummets As S.africa Enters Recession After GDP Declines For 2nd Quarter (265 Views)
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Rand Plummets As S.africa Enters Recession After GDP Declines For 2nd Quarter by postbox: 11:40am On Sep 04, 2018 |
South Africa has gone into a technical recession following the release of the country’s GDP figures. Stats SA released data showing South Africa’s gross domestic product (GDP) growth rate declined by 0,7% in the second quarter of 2018. It plunged by 2,6% in the first quarter. Amid the news, the South African rand has fallen to R15,22 against the US dollar. South Africa experienced its last recession during the 2008–2009 global financial crisis with three consecutive quarters of economic decline. SOURCE: https://brandspurng.com/rand-plummets-as-south-africa-enters-recession-after-gdp-declines-for-a-second-quarter/
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Re: Rand Plummets As S.africa Enters Recession After GDP Declines For 2nd Quarter by Rebelutionary: 11:45am On Sep 04, 2018 |
Hmm |
Re: Rand Plummets As S.africa Enters Recession After GDP Declines For 2nd Quarter by bigtt76(f): 12:10pm On Sep 04, 2018 |
Another Zimbabwe in the making ![]() ![]() postbox: |
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