GDP shock as SA economy shrinks 1.3%

Beyond me how anyone can be shocked.

Maybe this will help ease inflation a bit though? Or is that pipe dreams?
 
hexagon said:
With the Euro zone heading towards (but apparently narrowly avoiding) recession, SA should have been perfectly positioned to take up some manufacturing slack:
Euro zone factory downturn deepened in Oct as demand slumped


Where this is going is summarised by UK FIRES, who are NOT an outlier:
By 2030:
  • ALL UK airports close (2020-2029: All airports except Heathrow, Glasgow and Belfast close with transfers by rail)
  • All shipping declines to zero
  • Beef and lamb phased out, along with all imports not transported by train; fertiliser use greatly reduced
  • Iron ore and Limestone phased out
  • Cement and new steel phased out along with emitting plastics . Steel recycling grows. Aluminium, paper reduced with energy supply.
  • All conventional mortar and concrete phased out, all steel recycled. Focus on retrofit and adaption of existing buildings.
  • Fossil fuels completely phased out
These are Oxford and Cambridge etc. academics, not nutters (at least, not on the surface...)
Click to expand...

Academics who have never worked a day in their lives.
 
To be fair. It's not at all unusual for SA's economy to contract even 3% in one quarter only to grow 1-3% for a few quarters after that. Only for the economy to marginally grow, contract or coast YoY (4 quarters). Rinse and repeat.

Of course ideally we'd see a bit of growth every quarter. At least it's not more than -15% like in Q2 2020.
 
Cosmik Debris said:
Economists can always tell you why something happened after it does.
Click to expand...
The old joke about the student who went to uni for an open day. Was shown the computer lab, but didn't want to sit behind a computer all day.

"What about engineering?"
"Very nice but too hands on"

"Ok, here you can see our science faculty"
"Oh this is great but its looks rather difficult. Do you have something easier where I could rather just know the results upfront and comment about it?"

"Ah that makes sense, you want to be an economist!"
 
The Trutherizer said:
To be fair barmen in the UK don't really enjoy it much when you pay in large denominations. They don't appreciate the effort to give change, and they don't appreciate what they see as somebody playing bigshot either.
Click to expand...
to be fair, if you pull rands out to pay for a beer in a pub in the uk, you can expect to be laughed at then removed from the establishment, without your beer
nobody with rands in the uk can even remotely attempt to play bigshot, they can however perfect the dumbsht
 
Emjay said:
Beyond me how anyone can be shocked.

Maybe this will help ease inflation a bit though? Or is that pipe dreams?
Click to expand...
Doubt it will stop inflation, the reserve bank will be between a rock and a hard place now. They need to decrease repo rate in order to try and stimulate spending. But with that, the inflation which is already high, will probably inch up more. If the Repo rate is not dropped, there is no growth in the foreseeable future, but inflation might slow down to a stop.

This is it a pretty picture by any means of the imagination.
 
Did GDP actually drop or did the economists prediction come undone
 
The_Right_Honourable_Brit said:
www.news24.com

GDP shock as SA economy shrinks 1.3% | Business

South Africa's economy shrank by 1.3% in the fourth quarter, much worse than economists expected.
www.news24.com www.news24.com
Click to expand...
MMMMASIVE

1584636222068-borat.jpeg
 
hexagon said:
With the Euro zone heading towards (but apparently narrowly avoiding) recession, SA should have been perfectly positioned to take up some manufacturing slack:
Euro zone factory downturn deepened in Oct as demand slumped


Where this is going is summarised by UK FIRES, who are NOT an outlier:
By 2030:
  • ALL UK airports close (2020-2029: All airports except Heathrow, Glasgow and Belfast close with transfers by rail)
  • All shipping declines to zero
  • Beef and lamb phased out, along with all imports not transported by train; fertiliser use greatly reduced
  • Iron ore and Limestone phased out
  • Cement and new steel phased out along with emitting plastics . Steel recycling grows. Aluminium, paper reduced with energy supply.
  • All conventional mortar and concrete phased out, all steel recycled. Focus on retrofit and adaption of existing buildings.
  • Fossil fuels completely phased out
These are Oxford and Cambridge etc. academics, not nutters (at least, not on the surface...)
Click to expand...
Oxford and Cambridge academics are nutters, along with the rest of the "academic" establishment. They, along with the MSM are complicit in the mess the world is in with their leftist leanings. Their students from the past 2 decades or so are now in government and industry and look what a mess the world is in.
 
Cosmik Debris said:
Economists can always tell you why something happened after it does.
Click to expand...
These fools never give reasons for the supposed optimism. Any idjit with 2 brain cells can see that the drivers of the economy are either failing or already failed, yet the "economists" (crystal ball gazers if ever there was something like that), academics and bankers, all cozy in their corner offices, fail to see the carnage out in the real world.
 
chuckles_the_cnt said:
to be fair, if you pull rands out to pay for a beer in a pub in the uk, you can expect to be laughed at then removed from the establishment, without your beer
nobody with rands in the uk can even remotely attempt to play bigshot, they can however perfect the dumbsht
Click to expand...
How many currencies can you pay with in a bar in the UK? NZDollars? Lira? Krona? Yen?
 
hexagon said:
With the Euro zone heading towards (but apparently narrowly avoiding) recession, SA should have been perfectly positioned to take up some manufacturing slack:
Euro zone factory downturn deepened in Oct as demand slumped


Where this is going is summarised by UK FIRES, who are NOT an outlier:
By 2030:
  • ALL UK airports close (2020-2029: All airports except Heathrow, Glasgow and Belfast close with transfers by rail)
  • All shipping declines to zero
  • Beef and lamb phased out, along with all imports not transported by train; fertiliser use greatly reduced
  • Iron ore and Limestone phased out
  • Cement and new steel phased out along with emitting plastics . Steel recycling grows. Aluminium, paper reduced with energy supply.
  • All conventional mortar and concrete phased out, all steel recycled. Focus on retrofit and adaption of existing buildings.
  • Fossil fuels completely phased out
These are Oxford and Cambridge etc. academics, not nutters (at least, not on the surface...)
Click to expand...
Lmao sure bud...
 
hexagon said:
With the Euro zone heading towards (but apparently narrowly avoiding) recession, SA should have been perfectly positioned to take up some manufacturing slack:
Euro zone factory downturn deepened in Oct as demand slumped


Where this is going is summarised by UK FIRES, who are NOT an outlier:
By 2030:
  • ALL UK airports close (2020-2029: All airports except Heathrow, Glasgow and Belfast close with transfers by rail)
  • All shipping declines to zero
  • Beef and lamb phased out, along with all imports not transported by train; fertiliser use greatly reduced
  • Iron ore and Limestone phased out
  • Cement and new steel phased out along with emitting plastics . Steel recycling grows. Aluminium, paper reduced with energy supply.
  • All conventional mortar and concrete phased out, all steel recycled. Focus on retrofit and adaption of existing buildings.
  • Fossil fuels completely phased out
These are Oxford and Cambridge etc. academics, not nutters (at least, not on the surface...)
Click to expand...
Majority of that list is completely nuts and counterintuitive. You a WEF member by any chance? :laugh::laugh::ROFL::ROFL:o_O
 
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