(Reporting by Karin Strohecker; writing by Alexander Winning; editing by Jason Neely)
May 12 (Reuters) - JPMorgan in a research note on Friday
said it now forecast a 0.2% decline in South Africa's 2023 gross
domestic product versus a previous forecast for 0.3% growth,
citing expectations for deeper power cuts.
The bank added that prolonged power cuts above the current
record level referred to as "Stage 6" would worsen its current
account projection beyond an already pessimistic 3% forecast for
this year.
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