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South Africa's Economy Takes A Hit

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South Africa's Economy Takes A Hit

World

South Africa's Economy Takes A Hit

South Africa's Economy Takes A Hit

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South Africa has the largest economy in Africa. But last month, the country recorded its first quarter of negative growth in a decade. Official statistics show that the economy shrank by 1.8 percent in the last three months of 2008. The contraction was worse than expected. Among the main culprits are a big fall in manufacturing and a drop in global demand for raw materials.

NPR's Ofeibea Quist-Arcton and host Liane Hansen discuss how the global recession has hit South Africa and the wider African continent.