South Africa’s economy shrinks as election uncertainty fades

South Africa's economy shrinks as election uncertainty fades

(Bloomberg) — South Africa’s economy is likely to remain weak in the second quarter after contracting unexpectedly in the previous three months as election worries weigh on demand. Most Read by Bloomberg Gross domestic product fell 0.1% in the three months to March, compared with a revised 0.3% increase in the previous quarter, Statistics South … Read more

Brazil’s economic recovery faces risks, giving President Lula reason to worry

Brazil's economic recovery faces risks, giving President Lula reason to worry

(Bloomberg) — Once again, Brazil’s economy started the year with a bang, beating forecasts and giving President Luiz Inacio Lula da Silva reason to celebrate. This time the victory is likely to be much less durable. Most Read by Bloomberg After half a year of stagnation, gross domestic product rose 0.8% in the first quarter … Read more