Subscriber Only
economics
South Africa GDP Drop Makes Recession The Longest Since 1992
By
Updated on
-
GDP shrank annualized 51% in second quarter from first quarter
-
Agriculture the only industry that expanded in period to June
A pedestrian wearing a protective face mask crosses a street in Cape Town.
Photographer: Dwayne Senior/BloombergSign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
South Africa’s restrictions to curb the spread of the coronavirus put the economy into its longest recession in 28 years, with gross domestic product contracting more than expected in the second quarter.