South Africa Enters Second Recession In 8 Years

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South Africa has slipped into a technical recession as manufacturing and trade sectors dragged economic output down, according to Statistics South Africa.

A technical recession is described as two successive quarters of economic decline and South Africa has seen its economy shrink by 0.7% in the first quarter of 2017, and by 0.3% in the fourth quarter of last year. All sectors saw a decline except agriculture and mining.

 

Read More: South Africa enters second recession in 8 years – African Business Magazine

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