South Africa narrowly escapes a technical recession

 South Africa narrowly escapes a technical recession

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Statistics South Africa (StatsSA) announced today that the country’s gross domestic product (GDP) increased by 1.6%. Even though positive growth was recorded in this quarter, it comes on the back of negative growth of 0.7% in the previous quarter, and long-term trends indicate that economic moment is far too low. Expectations are that our economy…...

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Edward Smit

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