Thursday, August 13, 2020

Tag "Technical Recession"

    South Africa slips into recession

South Africa slips into recession

South Africa is currently experiencing a “technical recession,” after the country’s statistical bureau said real gross domestic product (GDP) decreased by 0.7 percent in the second quarter of the year (Q2 2018). The nation’s GDP had decreased by 2.6 percent (revised from 2.2 percent) in Q1 2018. A technical recession happens when a country experiences two quarters of negative growth consecutively. It is [...]

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