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South Africa`s economy grew by 0.8% in 2018

Source: Fin24, 19/03/2005

This means that annual real GDP increased by a tepid 0.8% in 2018.
This was 0.1% more than the projections of most economists.
South Africa`s economy fell into a technical recession in the first
half of 2018, after experiencing two consecutive quarters of negative
economic growth. The economy declined by 2.6% in the first quarter and
by a further restated 0.4% in the second.
Growth rebounded in the third quarter to 2.2% as the country exited
the recession. This has now been restated as 2.6%.
The rand strengthened slightly on the news. It was trading at R14.12/$
at 11:47 on Tuesday, up 0.7% on the day.

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