SA likely in technical recession, index shows
BankservAfrica index points to negative quarter-on-quarter number for the first three months
12 April 2023 - 20:23
SA’s economy probably entered a technical recession with a second straight quarterly contraction, according to an index that tracks interbank payments.
The BankservAfrica Economic Transactions Index (BETI), an early indicator of economic activity, dropped 1.7% in the first quarter compared with the prior three months. A median estimate in a Bloomberg survey of analysts is for a quarterly GDP expansion of 0.2%. ..
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