Economists See South Africa Averting Second-Quarter Contraction
- Manufacturing, mining data show both grew in the quarter
- Statistics office due to publish second quarter data Sept. 5
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South Africa’s economy probably avoided a contraction in the second quarter, despite record power cuts, logistical constraints and sagging consumer confidence.
In the view of analysts polled by Bloomberg Aug. 4-10, the economy stagnated quarter-on-quarter, compared with a forecast for a 0.1% contraction last month.