South African economy enters recession

South Africa has fallen into its second recession in two years as severe rolling power blackouts frustrate President Cyril Ramaphosa’s attempt to revive growth.

South African economy enters recession lailasnews

The South African economy shrank by 1.4% in the fourth quarter of 2019, according to new Gross Domestic Product numbers, released by Statistics SA on Tuesday.

The weak growth is likely to add more woes to President Cyril Ramaphosa’s government, as the economy under his leadership continues to suffer, amid internal and external pressures.

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