south african gdp falls by 13 in second quarter
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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South African GDP falls by 1.3% in second quarter

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Arab Today, arab today South African GDP falls by 1.3% in second quarter

South Africa's economy is slowing down
Pretoria - Arab Today

South Africa's economy shrunk in the second quarter, official statistics showed Tuesday, as gross domestic product fell an annualised 1.3 percent, surprising analysts who had predicted a small rise.

The slowdown was across the board, with manufacturing, mining and agriculture industries lagging the most in Africa's most developed economy, amid nationwide power cuts and an unemployment level of about 25 percent.

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