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South Africa slips into technical recession

12 June 2017

South Africa economy contracted in Q1 2017 by 0.7% (q-o-q, annualised), following a 0.3% contraction in Q4 2016, moving the country into a technical recession.

Technical recession indicates SARB is behind the curve on rate cuts

07 June 2017

The recent announcement that South Africa has officially entered a technical recession – characterised by two consecutive quarters of negative GDP growth – indicates that the South African Reserve Bank (SARB) has fallen behind the curve when it comes to interest rate cuts.

SA in recession as widespread economic weakness overwhelms boon of agriculture & mining sector

07 June 2017

We have been noting for some time that while we expected overall South Africa GDP growth to perk up in 2017, it would be primarily due to agriculture, mining and tourism. As a result, we had worried that the domestic economy was effectively in recession.

Forget about technicalities: South Africa has been in a recession for the past few years already

06 June 2017

Official figures released today show that South Africa’s economy contracted by 0.7% (quarter-on-quarter, seasonally adjusted) during the first quarter of 2017. This follows the 0.3% contraction during the last quarter of 2016 and pushes the country officially into a technical recession.

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