South Africa's finance minister rules out recession this year

South Africa's finance minister rules out recession this year

As an AI language model,

 I do not have access to the most recent news articles or events beyond my knowledge cutoff date of 2021. However,

 I can provide some general information on economic recessions and the factors that contribute to them.

A recession is typically defined as a period of significant economic decline, often characterized by

 A contraction in gross domestic product (GDP) and rising unemployment rates. Recessions are usually caused by a combination of factors.

 including a decrease in consumer spending, a decline in business investment, and disruptions in global trade and supply chains.

In the context of South Africa

The country has experienced economic challenges in recent years, including high levels of unemployment, rising debt levels, and 

Slow economic growth. However, it is ultimately up to economists and policymakers to determine whether or not the country is likely to experience a recession shortly.

It is also worth noting that economic forecasts and predictions can vary widely, and there is always a degree of uncertainty involved in predicting future economic trends.

 As such, it is important to consider multiple sources of information and analysis when making decisions about financial planning or investment.