South Africa's economy probably avoided tipping into a recession in the second quarter, handing the country's new coalition government a much-needed base to build on over the rest of the year.
Stronger readings from manufacturing, retail and wholesale trade sales shows parts of the economy have turned positive that were a drag in the three months through March - when output shrank 0.1% - amid a clear improvement in national electricity supply.
That will aid growth, with analysts polled by Bloomberg predicting a 0.5% gain when second quarter data is published on 3 September, adding to evidence that the country has turned a corner since elections in May.
Another positive clue, annual consumer price inflation slowed to 4.6% in July from 5.1% in June.
Bu hikaye The Citizen dergisinin August 22, 2024 sayısından alınmıştır.
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Bu hikaye The Citizen dergisinin August 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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