Mexican Media Brands
South Africa Narrowly Avoids a Recession
South Africa’s economy, which shrank 1.3% in the second quarter, expanded by 0.7% in July-September, according to the government’s Statistics South Africa service.
#economics
Share
South Africa’s economy, which shrank 1.3% in the second quarter, expanded by 0.7% in July-September, according to the government’s Statistics South Africa service.
The tiny improvement averted an economic recession, which is defined as two consecutive quarters of contraction.
But the country’s data agency notes that some of the South Africa’s industries are in deep recession. The group is led by agriculture, which shrank nearly 13% in the third quarter. Mining contracted 10%.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.