Economic data indicates that South Africa's economy shrank by 3.2 percent in the first quarter of 2019, Bloomberg reported June 4.

South Africa: Economy Contracts in First Quarter

Economic data indicates that South Africa's economy shrank by 3.2 percent in the first quarter of 2019, Bloomberg reported June 4. The drop marks the largest of its kind since 2009 amid fallout from the global economic crisis. The rand dropped 1 percent against the dollar on the news.

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South Africa: Economy Contracts in First Quarter

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