oa Discourse - Editorial
|© Publisher:||University of Johannesburg|
|Publication Date||Dec 2009|
A more topical issue that affects all South Africans (especially their pockets) does not exist. But exactly what is a recession? We can say it is shorter and less serious than a depression, in other words, it is at least two consecutive terms of negative economic growth. This means there is a decline in economic activity that is characterised by a decline in productivity, profits, jobs and sales.
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