Africa Economics

Africa Data Response

4 September, 2018

South Africa GDP (Q2)

South Africa’s economy formally entered recession in Q2 driven by another poor performance from the agricultural sector. We expect the economy to embark on a recovery over the rest of this year, but a sharp rebound is unlikely. Today’s data will further dent hopes that Cyril Ramaphosa’s presidency would lead to a marked turnaround in South Africa’s economic fortunes.

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