‘Worst is probably behind us’ after modest lift in GDP
Acceleration to 0.4% driven by renewed domestic spending, say Nedbank economists
03 September 2024 - 11:52
UPDATED 03 September 2024 - 23:15
Though second-quarter economic growth was slightly below the market’s forecast, the 0.4% increase in activity could signal a “turning point”.
Economists said the continued absence of load-shedding and more positive sentiment after the formation of the government of national unity (GNU) were likely to contribute to stronger growth in the second half of the year, contributing to 1% average growth in 2024...
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