The decline was largely due to a collapse in agriculture and the farming sector - to be expected at a time when white farmers don't know if they will be allowed to keep their land or have it be forcibly expropriated - and a parallel drop in consumer spending. Some more details from the report:
- Agriculture declined the most, recording an annualized 29.2% contraction
- Manufacturing shrank 0.3%
- Trade contracted 1.9%
The decline was largely due to a collapse in agriculture and the farming sector - to be expected at a time when white farmers don't know if they will be allowed to keep their land or have it be forcibly expropriated - and a parallel drop in consumer spending. Some more details from the report:
- Agriculture declined the most, recording an annualized 29.2% contraction
- Manufacturing shrank 0.3%
- Trade contracted 1.9%
The decline was largely due to a collapse in agriculture and the farming sector - to be expected at a time when white farmers don't know if they will be allowed to keep their land or have it be forcibly expropriated - and a parallel drop in consumer spending. Some more details from the report:
- Agriculture declined the most, recording an annualized 29.2% contraction
- Manufacturing shrank 0.3%
- Trade contracted 1.9%
No comments:
Post a Comment