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Finance and real estate helped economy grow 0.8% in 2018

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Finance and real estate helped economy grow 0.8% in 2018.

The latest set of gross domestic product figures was released by Stats SA on Wednesday. The figures provide an overview of economic performance in 2018. SA found itself in economic recession during the year‚ its second since the early 1990s.

Stats SA said the 2018 recession spanned the first two quarters of the year‚ with the economy shrinking by 2.7% in the first quarter and contracting further by 0.5% in the second. A recession is defined as two consecutive quarters of slowing growth.

 

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