Economists: No more stimulus at edge of fiscal cliff
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South Africa's rebound shows signs of longevity
SHARE Good news about its economy is rare these days, but South Africa’s unexpectedly large bump in growth numbers this week catapulted it out of its longest recession in more than a quarter of a century. Quarterly gross domestic product figures showed that the economy grew by 66 per cent in the third quarter. The upside was driven mostly by a rebound in manufacturing, trade and mining. A weaker domestic currency also helped. “We are out of a recession but getting back to pre-Covid levels might take five years or so,” said Makwe Masilela, chief investment officer at Makwe Fund Managers ...
Source: thenationalnews.com