SA slips into recession

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.

Publication description

  • 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.