S.Africa says economy to shrink 7.2%, deepest slump in 90 years

Its economy, the most developed in the continent, had already slipped into recession in the final quarter of 2019 before the virus arrived. 

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S.Africa says economy to shrink 7.2%, deepest slump in 90 years
NewVision Reporter
@NewVision
#S.AFRICA #Business #Economy #COVID-19

South Africa's economy is projected to shrink by 7.2 percent in 2020 as a result of the coronavirus pandemic, the deepest slump in 90 years, the finance minister said Wednesday.

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