The latest set of gross domestic product figures was released by Stats SA on Wednesday. The figures provide an overview of economic performance in 2018. SA found itself in economic recession during the year‚ its second since the early 1990s.
Stats SA said the 2018 recession spanned the first two quarters of the year‚ with the economy shrinking by 2.7% in the first quarter and contracting further by 0.5% in the second. A recession is defined as two consecutive quarters of slowing growth.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finance, real estate, business services helped economy grow 0.8% in 2018The SA economy grew by 1.4% in the fourth quarter of 2018, contributing to an overall growth rate of 0.8% for the entire year.
Read more »
South Africa's economy grows by 0.8% in 2018 | Business | M&GSouth Africa’s economy grew by 1.4% in the fourth quarter of 2018, slightly above the consensus estimates of most analysts and economists of 1.2% growth.
Read more »
Despite Nigerian run-ins, MTN’s earnings nearly doubled in 2018In 2018, the mobile operator was slapped with demands totalling $10.1bn from Nigerian regulators And yet MTNza cancelled FreeTwitter
Read more »