# North West University Business School economist Raymond Parsons says South Africa’s economy has suffered a setback after gross domestic product contracted by 0.2-percen between April and June. According to Parsons, the recent global energy shock has interrupted the country’s recovery, with mining and manufacturing weighing on growth. He expects the economy to grow by about 1.2-percent this year and warns that weak investment, high borrowing costs and global tensions could further threaten economic growth:
Economist warns SA economic growth outlook remains fragile [SOUND]
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