South Africa stuck in low growth trap: Gordhan

26 July 2016 - 14:08 By REUTERS

South Africa's economy will avoid a recession in 2016 but remains in a low growth trap and is likely to see economic expansion forecasts revised lower, Finance Minister Pravin Gordhan said on Tuesday.The Treasury's February estimate of 0.9 percent growth in 2016 was likely to change by the time of the October medium term budget, Gordhan told a media briefing on the sidelines of an investment summit.

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