SA likely in technical recession, index shows

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SA likely in technical recession, index shows
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Strong possibility SA entered technical recession, bellwether index shows

SA’s economy probably entered a technical recession with a second straight quarterly contraction, according to an index that tracks interbank payments.

The BankservAfrica Economic Transactions Index , an early indicator of economic activity, dropped 1.7% in the first quarter compared with the prior three months. A median estimate in a Bloomberg survey of analysts is for a quarterly GDP expansion of 0.2%. ..

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