Breaking
Posted 32 min ago
South Africa Q2 GDP misses forecast at 0.9% year-over-year
South Africa's Q2 GDP grew 0.9% year-over-year, below the 1.2% forecast and down from 1.9% prior, while quarter-over-quarter contracted 0.2% versus a -0.1% estimate. The miss signals slowing economic momentum in Africa's largest economy, pressuring ZAR and widening the growth-rate differential versus developed markets amid hawkish Fed repricing.
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