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What you need to know about a recession

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Johannesburg – Now that the South African economy has entered into a technical recession, consumers may have to tighten their belts amid uncertainty, says an expert.

On Tuesday, the GDP growth statistics for the first quarter of 2017 revealed that the economy had shrunk 0.7%. This followed the contraction of 0.3% in 2016.

READ: SA enters recession as GDP contracts for a consecutive quarter

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