South Africa's recession
An episode of the African Dialogue podcast, hosted by Channel Africa, titled "South Africa's recession" was published on March 9, 2020 and runs 36 minutes.
March 9, 2020 ·36m · African Dialogue
0:00 / 0:00
Episode Description
South Africa has officially entered into a recession as gross domestic product numbers for quarter four of 2019 show that the economy shrank 1.4%. The fall means the country now finds itself in a technical recession which can be described as two consecutive quarters of negative growth after the economy declined by 0.8% in quarter three. In total the economy in 2019 grew 0.2%. The growth is less than the already lacklustre projections by the IMF, World Bank and Moody’s rating agency which said the economy would grow by 0.7%, the Reserve Bank’s 0.6% and National Treasury’s paltry 0.3% estimate.
1. Prof Mark Ellyn University of Cape Town Department of Economics
2. Anabel Bishop Chief Economist Investec
3. Ross Harvey Independent Economist
1. Prof Mark Ellyn University of Cape Town Department of Economics
2. Anabel Bishop Chief Economist Investec
3. Ross Harvey Independent Economist
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