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Tag Archives: South Africa

South Africa’s GDP Falls

19-Aug-09

As more and more countries are reporting that they have swung out of a recession in the past week, the same cannot be said for South Africa. Yesterday, South Africa (which has the African continent’s largest economy) announced that Gross Domestic Product (GDP) shrank 3% for the second quarter (after shrinking 6.4% and 1.8% in [...]