Next month, 2023's fourth-quarter gross domestic product figures will be released. It likely won't bring much joy and economists say the risk that SA will have entered a technical recession – two consecutive quarters of contraction – is high.
The US investment bank Citi expects a 0.1% quarter-on-quarter seasonally adjusted contraction for the fourth quarter, according to Gina Schoeman, managing director, SA economist, and head of research.