ECONOMIC WEEK AHEAD: Another recession is on the cards for SA
Economists forecast GDP contraction of 0.2% for the fourth quarter of 2019
01 March 2020 - 15:59
The state of the economy will be at the forefront this week, with some economists forecasting that SA may have slid into another recession.
Stats SA is expected to release the GDP print for the fourth quarter of 2019 on Tuesday. A contraction of 0.2% is the median forecast among 12 economists polled by Bloomberg. The economy, which the Reserve Bank expects to have grown by only 0.4% in 2019, shrunk 0.6% in the third quarter, its second contraction in 2019. The most recent time SA entered a recession was in the second quarter of 2018...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.