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Economics

South Africa Stuck in Longest Business-Cycle Slump Since 1945

  • Downward phase recorded for 67th straight month in June
  • Weak business and factory sentiment add to recession risk

South Africa’s economy remains stuck in its longest downward cycle since 1945, adding to the risk that it may fall into its second recession in a year.

The economy entered the 67th month of a weakening cycle in June, according to the Reserve Bank’s Quarterly Bulletin released Thursday in the capital, Pretoria. That’s after gross domestic product contracted the most in a decade in the three months through March.