Modest growth expected despite two consecutive quarters of contraction: Stats SA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

South Africa’s economy contracted in the second quarter of this year. Data released by Stats SA shows the GDP decreased by 0.7% quarter on quarter – compared with the revised growth of 1.7% in the first quarter.

South Africa’s economy contracted in the second quarter

On a year-on-year basis, the economy grew by 0.2% in the second quarter, compared to 2.7% in the first quarter. Stats SA acting Chief Director, Litshani Ligudu says, “After two consecutive quarters of negative growth, Real Growth domestic product decreased by 0.7% in the second quarter of 2022. The devastating floods in KZN and load shedding contributed to the decline. Seven of the ten industries recorded a contraction with agriculture, construction, manufacturing and mining industries recording the largest percentages of decreases.

Ligudu adds, “Agriculture, forestry and fishing retreated by minus 7.7 percent pulled lower in the production of animal products. Electricity outages and the spread of foot and mouth disease contributed to the decline. Manufacturing output decreased by minus 5.9 mainly as a result of floods in KZN. Mining output declined on the back of lower gold and diamond production.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 37. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01

To compound matters, Eskom_SA is back with loadshedding

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว