South Africa Growth Struggles to Lift Off

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By Natalia Gurushina, VanEck Economist, Emerging Markets Fixed Income South Africa’s growth woes bring back discussions about changing the central bank’s mandate. The market increasingly prices in policy rate cuts in Latin America (LATAM), as activity indicators continue to disappoint. A big downside surprise in South Africa’s Q1 gross domestic product (GDP) pushed the rand down [...]

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