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South Africa’s economy is going nowhere slowly | City Press

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The worse-than-expected contraction in the last quarter of 2022 points to a technical recession, as the first three months of 2023 are expected to have also contracted

GDP growth dipped by 1.3% in the three months to December after surprising growth of 1.8% in the third quarter of 2022.considerably lower than the 4.9% growth in 2021.

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Finance Finance Latest News, Finance Finance Headlines

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GDP shock for South Africa as load shedding crushes the economySouth Africa’s economic performance in Q4 2022 was worse than expected. Dont worry the USA redefined what a recession is remember. 😁 Is 🦫 shocked? ANC
Source: BusinessTechSA - 🏆 24. / 61 Read more »