SA may have escaped recession in second quarter
Mining and manufacturing data for May show that conditions remain subdued, but activity picked up in second quarter after a dismal first
11 July 2019 - 17:55
Evidence is mounting that SA’s economy experienced a modest recovery in the second quarter of 2019, with mining and manufacturing data for May providing some hope that SA escaped a recession in the three months to end May.
SA’s shock 3.2% economic contraction in the first quarter has underscored the difficulty the government faces in reining in the budget deficit in 2019, but latest data shows that SA’s economy remained somewhat resilient in the second quarter...
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