[miningmx.com] – THE South African economy would probably not head into recession in the second quarter despite the fact that the period is most likely to reflect the effects of the strike in the platinum sector, said Bloomberg News.
“It would have to be a very dramatic decrease on the numbers that are already there for us to go into recession,’ said Gill Marcus, Reserve Bank governor. “So we don’t see that happening. Obviously we are concerned about what is taking place,’ she said.
The economy contracted for the first time since 2009 in the first quarter as the longest mining strike in the nation’s history hurt production, said Bloomberg News.
Click here to read the full article
