This animation of quarterly GDP growth between 2009Q1 and 2018Q2 shows that we are back in recession after nine years.
See the animation here: http://www.ecsecc.org/documentrepository/media/qoq-2009-2018.gif
Other findings include:
African and Eastern Cape economies are both in technical recession as GDP
growth rate remains negative for two consecutive quarters. This is the first
technical recession in nine years: since 2009.
growth rate was -5.9% (SA) and -2.8% (EC). In 2009Q2 QoQ GDP growth was
recorded at -2.8% (SA) and -0.6% (EC), resulting in technical recession.
economy recovered in 2010Q1, reaching peak level at 4.8% QoQ growth and EC with
In 2014Q1 both
economies experienced negative growth rates for the first time in four years:
QoQ growth rate of -1.6% (SA) and -1.0% (EC)
contributors to national QoQ growth in GDP were; agriculture 29.2% , transport
4.9% and trade 1.9%.
economy the negative contributors to GDP QoQ growth were; agriculture -5.9%,
manufacturing -0.1%, trade -0.7%, transport -1.3% and government services