Mushmouth
09-05-2018, 07:05 PM
South Africa slid into an official recession Tuesday, as second-quarter growth domestic product (GDP) figures showed a contraction of 0.7% — the second straight quarter of decline. First-quarter figures were revised down, from -2.2% to -2.6%.
The main culprit, according to South Africa’s Business Day, was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged “expropriation without compensation.”
The Business Day described the “shocking drop in agriculture,” which single-handedly tipped the economy into recession:
https://www.breitbart.com/national-security/2018/09/04/south-africa-in-recession-after-land-threat-shocking-drop-in-agriculture/
The main culprit, according to South Africa’s Business Day, was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged “expropriation without compensation.”
The Business Day described the “shocking drop in agriculture,” which single-handedly tipped the economy into recession:
https://www.breitbart.com/national-security/2018/09/04/south-africa-in-recession-after-land-threat-shocking-drop-in-agriculture/