Recession: Consumers urged to tighten belts
06:27 Wed, 07 Jun 2017
Recession: Consumers urged to tighten belts  | News Article
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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.


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