SA in longest downward business cycle since 1945 – report
South Africa is in the longest downward business cycle since 1945, according to a report by the Centre for Risk Analysis (CRA) at the Institute of Race Relations (IRR).
“This is extraordinary since other emerging markets are driving the global economy,” IRR CEO Dr Frans Cronjé said in the report.
The CRA looked at data provided by the SA Reserve Bank (SARB) on the country’s business cycle phases dating back to the end of the Second World War in 1945.
The SARB data – measured in months – indicates that SA has been in a downward phase since December 2013.
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