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South Africa in Recession After Land Threat: "Shocking Drop in Agriculture"

By: Beldin in POPE 5 | Recommend this post (1)
Wed, 05 Sep 18 11:34 PM | 83 view(s)
Boardmark this board | Pope 5

Msg. 07286 of 62138
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No big surprise here.

http://www.breitbart.com/national-security/2018/09/04/south-africa-in-recession-after-land-threat-shocking-drop-in-agriculture/

South Africa slid into an official recession Tuesday, as second-quarter growth domestic product (GDP) figures showed a contraction of 0.7% - the second straight quarter of decline. First-quarter figures were revised down, from -2.2% to -2.6%.

The main culprit, according to South Africa's Business Day, was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged "expropriation without compensation." ...

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence

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