By Maarten Mittner –
THIS will be a week of reckoning for the South African economy. Second-quarter gross domestic product (GDP) data set to be released on Tuesday will reveal whether the economy is in recession.
But the consensus is that the second quarter was not as disastrous as the first. Growth is expected to rise marginally, following the drop recorded in the first quarter. Following a contraction of 0.6% in the first quarter, economists expect GDP to register growth of 0.4% in the second quarter.
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