South Africa GDP Forecasts Show First-Quarter Contraction: Chart

South Africa’s economy probably shrank by an annualized 0.1 percent in the three months through March, a government report may show on Wednesday, according to a Bloomberg survey. The central bank, government and International Monetary Fund all project the slowest expansion since the 2009 recession for this year. Output in Africa’s most-industrialized economy is weighed down by low commodity prices, lackluster demand from its major export markets and the worst drought in more than a century.

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