answersLogoWhite

0

Between 2002 and 2008, the South African economy experienced a period of robust growth, averaging around 5% annually. This growth was fueled by rising commodity prices, increased foreign investment, and a boom in domestic consumption. However, challenges such as rising inflation, high unemployment rates, and infrastructure deficits persisted. The global financial crisis in 2008 began to threaten this growth, leading to a recession in the following years.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Related Questions

How Gold affect the south african economy?

Gold affects the South African economy in a wide variety of ways. The South African economy is not doing well and is not very prosperous. The abundance of gold greatly improves the economy.


Is the South African economy classified as a command or market economy?

yes, South Africa is a Pure market economy


How does exchange rates depreciation affect the south African economy?

Exchange rates depreciation affect the south African economy because it leads to changes in inflation in the country' economy .


The effects of bad work ethic on the south African economy?

Erm, a bad economy?


How does those elements extracted in South African mines contribute to South African economy?

The companies xtracting minirals give a whooping fees to s.a. Govt. Which increase its economy.


Is china a threat or advantage to the south African economy?

No i cant..can you?


Do you think mining is important for south africa?

Very, its plays a large role in the South African economy.


Why did African-American move from the south?

the southern economy began to grow again


What has the author D Hobart Houghton written?

D. Hobart Houghton has written: 'Economic development in a plural society' -- subject(s): Economic conditions 'Source material on the South African economy: 1860-1970' -- subject(s): Economic conditions, Sources 'The South African economy' -- subject(s): Economic conditions 'Source material on the South African economy' -- subject(s): Economic conditions, Sources, South Africa


Why did African Americans move to the south in the1970s?

The southern economy began to grow again


The contribution of the primary sector to the South African Economy has changed since 1911 Explain the statement with reference to changes in structure of South African economy and the reasons behind?

pls answer the the above question they dont import stuff they export more


What is the impact of AIDS on the South African economy?

The Economic Impact of AIDS in South Africa (Follow the Web link below)