Finance, real estate, business services helped economy grow 0.8% in 2018

GDP increased by 1.4% in the fourth quarter of 2018, helping the economy to grow 0.8% over the full year.South Africa's economy grew by 1.4% in the fourth quarter of 2018, contributing to an overall growth rate of 0.8% for the entire year.

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.

Stats SA said that despite the recession, positive growth in the third and the fourth quarters was just enough to push overall growth for the year into positive territory, with the real annual growth rate coming in at 0.8%.

United States United States Latest News, United States United States Headlines

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

Finance and real estate helped economy grow 0.8% in 2018South Africa's economy grew by 1.4% in the fourth quarter of 2018‚ contributing to an overall growth rate of 0.8% for the entire year.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

South Africa's economy grows by 0.8% in 2018 | Business | M&GSouth Africa’s economy grew by 1.4% in the fourth quarter of 2018, slightly above the consensus estimates of most analysts and economists of 1.2% growth.
Source: mailandguardian - 🏆 2. / 92 Read more »

National civilian service, help for small business: Mmusi Maimane's plans for SADemocratic Alliance leader Mmusi Maimane on Monday unveiled his 10-point plan of things he would do in his first 100 days in office should the DA win the May 8 national polls. How do you help small businesses..ntete maimane..Alpha
Source: TimesLIVE - 🏆 28. / 59 Read more »

Despite Nigerian run-ins, MTN’s earnings nearly doubled in 2018In 2018, the mobile operator was slapped with demands totalling $10.1bn from Nigerian regulators And yet MTNza cancelled FreeTwitter
Source: BDliveSA - 🏆 12. / 63 Read more »