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Title : South Africa In In A Recession
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South Africa In In A Recession

Business Insider: South Africa stumbles into a recession

* South Africa's economy entered a recession for the first time in nearly a decade.
* Gross domestic product fell 0.7% in the second quarter, dragged down by weak performance in the agricultural sector.
* The South African rand plunged more than 2% following the report.

South Africa's economic growth slowed unexpectedly in the second quarter, pushing the country into a recession for the first time since 2009.

Gross domestic product in Africa's most developed economy fell by 0.7% from April to June, the national statistics agency said in a report Tuesday, compared with expectations for 0.6% growth. That followed a 2.6% contraction in the previous quarter.

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WNU Editor: Everyone is surprised with this "unexpected" recession. Why should they be? Threatening to take property without compensation is going to destroy your economy .... a fact that the current government in South Africa and its supporters have trouble in understanding.

More News On Reports That South Africa Is Now In A Recession

South Africa Unexpectedly Slides Into Recession For The First Time Since 2009 -- Zero Hedge
South Africa in recession for first time since 2009; rand slumps -- Reuters
South Africa Slips Into Recession as Economy Contracts -- Bloomberg
Rand plummets after South Africa enters technical recession -- CNBC
South Africa slides into recession amid failing government reforms -- RT

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