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Southern Africa Quarterly Overview and Analysis - 3rd Quarter 2012 - Issue 6
Economic activity in Southern Africa remained sluggish during the third quarter. Coming on the back of the dismal performance during the second quarter, this sluggishness raises concern about the attainment of the overall 4.0 percent growth rate projected for 2012. With the exception of Botswana and Mozambique, where investor confidence remained high to sustain marginal improvement in economic activity, growth was rather sluggish in all other countries. In Angola, volatility of oil production and persistent power shortages dampened economic activity.