SA’s economy is in trouble
Even more alarming is that economic performance is likely to worsen — an effect of Zuma’s cabinet reshuffle
08 June 2017 - 07:29
The economy has entered its eighth recession since 1961, following a shocking contraction in the first quarter. This has upset the economic consensus, suggesting that the economy is in far greater distress than most realised. Real GDP (measured by production) decreased by 0.7% q/q seasonally adjusted and annualised in the first quarter of 2017, following a decrease of 0.3% in the fourth quarter of last year. (Two consecutive quarters of negative growth means that the economy is in a technical recession.) In fact, the economy has contracted in four of the previous eight quarters.
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.