recession

The South African economy will face its deepest contraction in 90 years, which will arguably pull down the economic performance of neighbouring states.A quick economic recovery for South Africa could positively impact the recovery of southern African countries.Countries with diversified economies are better positioned for recovery than those with less-diversified ones.Countries will require expansionary fiscal…

Image copyright Getty Images The UK, along with much of the rest of the world, is thought to be heading into the worst recession for decades. So what exactly does that mean? What is a recession?In normal times, a country's economy grows. Its citizens, on average, get slightly richer as the value of the goods…