‘Worst is probably behind us’ after modest lift in GDP

Sep 4, 2024

Acceleration to 0.4% driven by renewed domestic spending, say Nedbank economists

​Acceleration to 0.4% driven by renewed domestic spending, say Nedbank economists   

Though second-quarter economic growth was slightly below the market’s forecast, the 0.4% increase in activity could signal a “turning point”.

Economists said the continued absence of load-shedding and more positive sentiment after the formation of the government of national unity (GNU) were likely to contribute to stronger growth in the second half of the year, contributing to 1% average growth in 2024…

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