13 days ago • Posted by William Ramstein

South Africa GDP grows more than expected in Q1

South Africa's economy grew by an annualized 4.6% in Q1 of 2021, following a downwardly revised 5.8% advance in the early year period. Eighty of ten industries reported positive growth figures in the first quarter with the coutry's strongest sector, mining, taking an 18.1% boost. Year over year, the economy shrank 3.2% after an upwardly revised 4.2% contraction in the previous period.

Source: Trading Economics