Economics
Charts That Show South Africa's Recession May Be Over
- Retail sales, manufacturing output rebound from prior quarter
- Median estimate in Bloomberg survey is for 1.9% expansion
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South Africa is likely to emerge from its first recession in almost a decade as monthly indicators for the third quarter signal a modest rebound.
Recoveries in manufacturing and trade are expected to drive growth momentum in Africa’s most industrialized economy. Statistics South Africa will on Dec. 4 publish data that economists in a Bloomberg survey expect to show gross domestic product expanded 1.9 percent from the previous three months.