Recession: Consumers urged to tighten belts
06:27 (GMT+2) Wed, 07 Jun 2017
Recession: Consumers urged to tighten belts  | News Article
File photo
Johannesburg - An economist is advising consumers to be more responsible with their spending during the recession.



South Africa is in a technical recession after a second consecutive quarter in which the gross domestic product contracted. The country's GDP growth rate stands at just 1% year-on-year.  


Market analyst, Mike Schussler, explains how the country found itself in this situation.


HeartFM


Related Articles:

Cookies help us deliver our services. By using our site, you agree to our use of cookies. Tell me more