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Economic Data Report by NWDC: Qtr 2 of 2022.23
EXCERPT: South African GDP Declines by 0,7% .
After two consecutive quarters of positive growth, real gross domestic product (GDP) decreased by 0,7%1 in the second quarter of 2022 (Q2: 2022). The devastating floods in KwaZulu-Natal and load shedding contributed to the decline, weakening an already fragile national economy that had just recovered to pre-pandemic levels.
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