South Africa’s Economic Growth To Remain Subdued Amid Weak Mining And Manufacturing Activity

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“While South African gross domestic product growth is likely to have accelerated in the second quarter, the bigger picture is that the economy is still subdued by regional standards and by the standards of South Africa’s recent history,” Shilan Shah, Africa economist at Capital Economics in London, said in a note to clients.

The continent’s biggest economy is due to report second-quarter GDP data on Aug. 21.

Economists expect South Africa to expand by 2.2 percent this year, according to a monthly Thomson Reuters polled released on Thursday, but they shaved 0.1 percentage point off their projections for 2014 to 3.0 percent compared with the previous poll. Economists’ projection for 2015 was unchanged from last month’s poll at 3.5 percent.

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