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

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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.

 

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