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S. Africa’s economy on the backfoot ahead of election

The latest hard activity data suggest that South Africa’s economy contracted in the first quarter of 2024 and, regardless of the outcome of the upcoming election, this ongoing weakness will put pressure on the next government to revive growth, including via looser fiscal policy.

All our research on South Africa’s upcoming election can be found on a dedicated webpage. And we will be discussing the vote in an online briefing on 23rd May. Sign up here.

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