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South Africa: Stimulus, Low Rates Face Challenges
Tuesday, July 21, 2020 - 1:12pm | 2107As with most of the world, South Africa’s economy has been hard hit by the coronavirus pandemic. Activity in certain sectors such as mining and manufacturing fell more than 40% year-over-year in May as the country entered a strict lockdown phase (Figure 1 and 2). Figure 1: South African...