Recession looming?
Jun. 9th, 2016 11:30 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
nairiporterSA on track for recession
http://www.iol.co.za/business/news/sa-on-track-for-recession-2032189
South Africa's economy contracted more than expected in the first quarter of the year, data showed on Wednesday, putting it on track for its first recession in seven years.
The data weakened the rand against the dollar until the local currency took strength from news that Fitch had affirmed South Africa's investment grade credit rating.
http://www.iol.co.za/business/news/sa-on-track-for-recession-2032189
South Africa's economy contracted more than expected in the first quarter of the year, data showed on Wednesday, putting it on track for its first recession in seven years.
The data weakened the rand against the dollar until the local currency took strength from news that Fitch had affirmed South Africa's investment grade credit rating.
