South Africa Cuts Growth Forecast to 1.4% Worst Since Recession
Initially in February, the South African government predicted the country?s economic growth to be 2.7 percent. It has just lowered the number to 1.4 percent, the lowest level seen since the recession the country faced in 2009. This year the country faced strikes and work stoppages that led the government to lower the predicted economic growth.
See "South Africa Cuts Growth Forecast to 1.4% Worst Since Recession", Rene Vollgraaff, Business Week, October 21, 2014