September 21, 2020
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South Africa slips into recession after economic slump

South Africa slips into recession after economic slump

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South Africa slips into recession after economic slump

South Africa’s statistics bureau (Stats SA) on Tuesday March 3, announced that the country slipped into recession in the final three months of 2019.

South Africa’s economy shrank by 1.4% in the fourth quarter, following a revised 0.8% contraction in the third quarter. This resulted in the third recession to hit the country…

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