Economists predict economy will shrink as SA's GDP figures contract - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Economists predict economy will shrink as SA’s GDP figures contract The country’s economy is expected to contract yet again in the third quarter of 2019.

Statistics South Africa will this week release the country's third quarter GDP numbers

Economists say recently-released economic data indicates all major sectors under performed in the third quarter of 2019. “The monthly numbers suggest that we have lost momentum again in the third quarter and that momentum was fairly very broad based and it wasn’t isolated to one or two sectors really a sort of general pattern we have seen in almost all the sectors you can think of and so overall our forecast is for GDP growth is 0.5% on a quarter on quarter annualised basis.

 

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Wait and see what happens in March 2020 when Moody’s take this corrupt ANC and rip the economy right out from under their incompetent greedy paws.

😩

I need money please

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