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SA heading for ‘deepest contraction in a century’ as coronavirus pandemic triggers worst global recession since War

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worldbankEngineering News reports that a new World Bank report warns that the South African economy will this year experience its deepest economic contraction in a century, with the country’s gross domestic product (GDP) forecast to slump by 7.1% on the back of “stringent but necessary” Covid-19 containment measures.  

Source: Latest News