After recovering to pre-pandemic levels earlier in the year, South Africa’s GDP contracted in the second quarter. The economy struggled to stay above water amid another bout of load-shedding and the devastating KwaZulu-Natal floods.
Though economists are forecasting that growth will pick up in the second half of the year, they are also not expecting a sprightly bounceback as global recession fears and the country’s structural weaknesses continue to weigh on the local economy.
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Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.
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