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Southern Africa Quarterly Review and Analysis - 4th Quarter 2012 - Issue 7


Economic activity in Southern Africa picked up in the fourth quarter to propel the region’s average real gross domestic product (GDP) growth rate to an estimated 4.0 percent for 2012. Production recovery in crude oil underpinned higher growth in Angola. Lesotho experienced positive growth driven by the industrial sector, particularly the textile and clothing sub-sectors. In Mauritius, growth was resilient in spite of the continued recession in the Eurozone, which had weakened the external sector of the country.

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