South African economy projected to contract by 7.2% over COVID-19

The IMF has approved a 4.3 billion U.S. dollars loan to help South Africa fight the effects of the coronavirus pandemic. But cash injection doesn’t mean the country’s economy is out of the woods just yet. It’s still projected to contract by 7.2% this year. Angelo Coppola has more.

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About This Source - CGTN

This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.

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