SA avoids "great" recession

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Jack Welles
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SA avoids "great" recession

Unread post by Jack Welles » Wed Sep 04, 2019 10:30 am

SA's economy rebounds in 2nd quarter, growth 3.1%, this avoiding a recession.

Not out of the woods yet, but better than some expected.
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Re: SA avoids "great" recession

Unread post by Christo » Wed Sep 04, 2019 11:44 am

Jack Welles wrote:
Wed Sep 04, 2019 10:30 am
SA's economy rebounds in 2nd quarter, growth 3.1%, this avoiding a recession.

Not out of the woods yet, but better than some expected.
most :wink:
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Re: SA avoids "great" recession

Unread post by Falafel » Wed Sep 04, 2019 11:58 am

Rebound... business came to a standstill during loadshedding etc... ground to a stop and now with electricity back on jump started again IMHO.

Next quarter to be slightly up again and then I am guessing back to same old flat or contraction again...

Also ZAR weaker during this time...

This figure of quarterly growth tells us little to nothing... and should not take away from the dire situation the SA economy is in...
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Re: SA avoids "great" recession

Unread post by Whirly » Wed Sep 04, 2019 12:13 pm

Great, but will we avoid anarchy?? Look at what is going on in Jhb and Pta right at this moment and it is growing. :shock:

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Re: SA avoids "great" recession

Unread post by Marius Schrenk » Wed Sep 04, 2019 3:42 pm

Saffers go on holidays/strike between Nov and Easter....then we slowly "ramp" up to Nov. Nothing to be excited about....normal curve. :twisted:
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