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DRAMATIC DROP

18th September 2020

By: Darlene Creamer

     

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The steep contraction in South Africa’s second-quarter gross domestic product – 51.2% when annualised and seasonally adjusted and 16.4% quarter-on-quarter – was not entirely unexpected in light of South Africa’s aggressive Covid-19 lockdown. Less certain, however, is whether there is a coherent recovery strategy that is able to reverse not only this sharp pandemic-induced slump, but also the country’s protracted low-growth performance.

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