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VERY FRAGILE:

26th April 2013

By: Darlene Creamer

  

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South African Reserve Bank governor Gill Marcus told lawmakers last week that global economic confidence remained “very fragile”. As evidence, she pointed to the seemingly extreme reaction of markets to recent Chinese growth figures. China reported gross domestic product growth of 7.7% for the first quarter, which was marginally below market expectations of 7.9%.

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