South Africa sinks into first recession since financial crisis

by | June 6, 2017 6:41 pm



South Africa is back in recession for the first time since 2009. Africa’s second biggest economy contracted by 0.7% in the first quarter, a poor performance that was fueled by weakness in trade and manufacturing. The slump surprised analysts who were expecting the economy to rebound after it shrank by 0.3% in the final three…

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