SA is not on the verge of a recession
In this podcast, Investec Chief Economist Annabel Bishop unpacks the reasons behind the SA economy shrinking 2.2% in the first quarter of 2018 and why it's not all doom and gloom.
LISTEN TO PODCAST: SA economy shrinks in the first quarter
‘A lot of the economic activity that happened in the first quarter of 2018 was on the back of plans that were made in the fourth and third quarter of last year when political uncertainty was high, (and) confidence levels were very suppressed’ - Annabel Bishop.
Topics of discussion
- The economy has shrunk in the first quarter. Is the country on the edge of a recession?
- What were the catalysts for this outcome?
- What should we expect for the rest of the year?
- What impact could global issues like the US-led trade war, Brexit, and higher oil prices have on South Africa's economy going forward?
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