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#RandReport: Rand firms after GDP data, stocks weak

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RandReport: Rand firms after GDP data, stocks weak

JOHANNESBURG - The rand firmed on Tuesday after data showing an economic recovery from a recession continued in the fourth quarter of last year, albeit at a slower rate.South Africa suffered a recession in the first half of 2018 as farming plunged after a drought, but growth has since recovered.

“Q4’s growth outcome signalled that the South African economy has muddled along, very slowly on the mend,” said Elize Kruger, an economist at NKC African Economics.

 

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