SA economy shrinks by 1.5% in the third quarter
SOUTH Africa’s gross domestic product (GDP) contracted by 1,5 percent in the third quarter of the year on a quarter-on-quarter seasonally adjudged basis, according to Stats SA.
The largest falls were in trade, manufacturing and agriculture.
The decline brings to an end a period of tentative growth following a record GDP plunge in September last year.
The economy grew by one percent in the first quarter and a revised 1.1 percent in the second quarter of 2021. -fin24
You Might Also Like
-
Nick Pisa A former top class cricketeer has cheated death again after being attacked by leopard – years after he woke to find an eight foot long crocodile hiding under his bed. Zimbabwean all rounder Guy Whittall, 51, needed emergency surgery after being badly mauled by the big cat while out with his trusted dog […]
Agriculture Journal
Comments