GDP rebounds strongly in third quarter

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SA’s economy rallies from a contraction in the second quarter to post growth of 1.6% in the three months to end-September, well above market forecasts

SA’s economy rebounded strongly forecasts in the third quarter, avoiding a technical recession and beating market forecasts.

After contracting by 0.7% in the second quarter of 2022, GDP expanded by 1.6% in the three months to end-September, Stats SA reported on Tuesday. Economists had forecast an increase of 0.6%...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 TimesLive Premium.

 

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