A recession is a sustained economic decline. An economy is usually regarded to be in a recession if it experiences a decline in GDP for two consecutive quarters. Recession An economy that is in a recession is a shrinking economy. Recessions are usually accompanied by a decrease in production, a general fall in household income [...]
This page shows the current GDP (Gross Domestic Product) growth rate, as well as a graph and table of the GDP growth rates in South Africa, since 1993. swfobject.embedSWF(“/common/open-flash-chart/open-flash-chart.swf”, “chart_gdp_growth_rate”, “560″, “200″, “9.0.0″, “expressInstall.swf”, {“data-file”:”%2Fcommon%2Fcharts%2Frate_chart.php%3Fchart%3Dgdp_growth_rate_chart.php”} ); The current GDP growth rate is document.write(latest_gdp_rate);% (based on the GDP data for the quarter ending document.write(latest_gdp_rate_date);). The GDP [...]
A country’s gross domestic product (GDP) is the total value of all ‘final’ goods and services, that were produced within the borders of the country, during a year. Gross domestic product The equation used to calculate a nation’s gross domestic product is: GDP = consumption + gross investment + government spending + (exports − imports) [...]
