South Africa’s gross domestic product contracted 2.0% in the first quarter of 2020, following a contraction of 1.4% in the final quarter of last year when the economy entered recession, data from Statistics South Africa showed on Tuesday.
GDP shrank 0.1% year-on-year in the first quarter after falling 0.5% in the previous quarter.
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That’s good news compared to what the second quarter is going to look like.
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