News Formal

GDP exceeds market projections, growing nearly 2% in first quarter

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

The manufacturing sector and trade industry were the biggest contributors to GDP growth

SA’s economy grew 1.9% in the first quarter of 2022, returning to pre-pandemic levels, with real GDP slightly higher than it was before Covid-19 hit, Stats SA said on Tuesday.

This is the second consecutive quarter of economic expansion, with eight out of 10 sectors recording growth in production...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Rand hits best level in six weeksLocal markets will be watching SA GDP and current account data this week
Source: BDliveSA - 🏆 12. / 63 Read more »