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Assessing and promoting civil and minority rights in South Africa.

[Source: Times Live by Mfuneko Toyana.]

The World Bank on Tuesday halved its 2017 growth forecast for South Africa after the economy fell into recession earlier this year.

It said in a report that 2017 growth would probably be 0.6 percent, down from an earlier estimate of 1.1 percent. Growth is seen ticking up to 1.1 percent next year and reaching 1.7 percent in 2019.

But the bank warned any prospect of recovery would “remain fragile” unless South Africa succeeds in becoming more productive.

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.9% y/y in September 2018 (CPI) & +6.2 y/y in September 2018 (PPI)
-0.7% q/q (2nd quarter of 2018)
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