SA slips into recession
3 March 2020 - Listen to the CRA's David Ansara and Ian Cruickshanks discuss the implications of slow growth in this audio note.
- StatsSA data reveals that real GDP decreased by 1.4% (Q/Q) in Q4 2019, following a decrease of *0.8% (Q/Q) in Q3 2019.
- Two consecutive quarters of negative economic growth means SA has slipped into a technical recession.
- Annual GDP growth for 2019 now stands at 0.3%, down from 0.8% in 2018.
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