Gill Marcus: Res Bank does not see economy going into recession

PRETORIA (Reuters) – South Africa's central bank Governor Gill Marcus said on Tuesday she did not see the continent's most advanced economy going into recession, despite a GDP contraction of 0.6 percent in the first quarter.

"It would have to be a very dramatic decrease on the numbers that are already there for us to go into a recession, so we don't see that happening," Marcus told a forum after the Reserve Bank released its June monetary policy review.