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The new normal-year of economic disruption

sappo-finance

Johan Willemse, agricultural economist`

The South African economy is in a declining economic growth phase since 2010 and the third quarter of 2019 realised a negative growth of 0,8% and was followed by a further decline of 1,4% in the fourth quarter.

The final growth number for 2019 was 0,2% – also a decline from the 0,8% in 2018. Economists are of the opinion that there will be very little growth during 2020 and most probably we will end the 2020-year with a negative growth rate.
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