South Africa Escaped Recession in 2017. So What? It’s Still in a Pickle.

Encouraging data give weight to Finance Minister Nhlanhla Nene’s statements on South Africa’s growth forecasts Economic growth accelerated for the first time in four years in 2017, with continued strong recovery in agriculture, giving weight to Finance Minister Nhlanhla Nene’s statements that growth forecasts will probably be revised upwards. Revisions to historical data in combination…