AFRICA BUSINESS

SA exits recession with 2.5% GDP growth

South Africa's gross domestic product has rebounded with 2.5% growth for the second quarter of the year.This is an improvement from the contraction reported for two consecutive quarters. GDP declined ...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Recession fears for Zim economy

Zimbabwe's economy may slip into recession by 2015 if there are no fundamental policy shifts, according to Reserve Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo. Mlambo said this while addres...

By Staff reporter | Published: 13 May 2014

EUROPE

Crisis in UK ‘worse than previously believed’

LONDON - Britain suffered a much deeper recession in 2008-09 than first thought and the economy remains further from recovering its pre-crisis size, according to sweeping revisions to official data.Re...

By Sarah O’Connor and Claire Jones | Published: 30 June 2013
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