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South Africa has entered into a recession, which is the first time since 2009.

1. How much has GDP dropped?
2. What has been attributed to the drop and the contraction?
3. How is the South African currency holding up (the rand)?
4. What is the outlook for the rest of the year?

Heeb, G. (2018). South Africa stumbles into a recession. Yahoo Finance, Sept. 4 (Retrievable online at