Economy in limbo as parties negotiate
Investors hold their breath as the new, new South Africa enters gestation
06 June 2024 - 05:02
Economic growth contracted slightly in the first quarter of the year, coming in just below consensus expectations. This adds to the country’s tense mood after the national election shocks.
The consensus expectation was that the economy would pick up this year as load-shedding and inflation receded, bolstered by a few interest rate cuts, but after the bleak Q1 GDP results some economists may trim their 2024 forecasts...
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