Pressure mounts on newly elected govt as economy shrinks drastically

SABC News Rand - Pressure mounts on newly elected govt as economy shrinks drastically

South Africa’s economy shrank 3.2% in the first quarter of 2019, the country’s statistics authority said Tuesday, piling pressure on President Cyril Ramaphosa’s newly elected administration.

According to Stats SA, Gross Domestic Product (GDP) for Africa’s most developed economy contracted 3.2% in the first three months of the year compared to the previous quarter, the largest quarterly drop in about 10 years.

Watch video below:

The post Pressure mounts on newly elected govt as economy shrinks drastically appeared first on SABC News – Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader..

Leave a Reply

Your email address will not be published. Required fields are marked *