Slow recovery begins

Steyn, Greta
December 2009
Finweek;12/3/2009, p10
The article presents an overview and forecast on the economy of South Africa (SA) for 2009 and 2010. SA's gross domestic product (GDP) recovered from consecutive negative growth, rising 0.9% in the third quarter of 2009. It cites that the growth of the South African Reserve Bank's leading indicator for September has left a glimpse of economic recovery in 2010. However, it reveals that retail sales have shown a decline of 5.1 % in the same month. Charts on economic indicators are also offered.


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