South Africa's seasonally adjusted real Gross Domestic Product (GDP) at market prices contracted by 1.3% in the second quarter of 2015, Statistics South Africa (Stats SA) said on Tuesday. "The seasonally adjusted real GDP at market prices for the second quarter of 2015 decreased by an annualised 1.3% compared with an increase of 1.3% during the first quarter of 2015. GDP has slowed down," Statistician General Pali Lehohla said. Briefing reporters in Pretoria, the Statistician General said … [Read more...] about SA’s 2015 growth rate now predicted at 2%
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Expenditure Growth Rate Slows
The South African economy's spending growth eased in the second quarter of 2011 due to a contraction in government spending and slowdown in consumer spending, said the Reserve Bank. In its September Quarterly Bulletin released on Tuesday, the central bank said growth in real gross domestic expenditure decelerated from an annualised rate of 7.9% in the first quarter to 1.3% in the second quarter. "This deceleration primarily resulted from a contraction in real final consumption expenditure … [Read more...] about Expenditure Growth Rate Slows
GDP Expected to Reach 3.8% in 2011
Growth of the South African economy is forecast to reach 3.8 percent in 2011, the Bureau for Economic Research (BER) said on Thursday. "For 2011, the BER has made an upward revision to the SA GDP growth forecast of 0.4 percent points to 3.8 percent," the BER said in its first quarter prospects for the South African economy. The improved outlook stems from a more optimistic projection of household consumption expenditure. "The result is that gross domestic expenditure (GDE), the broadest … [Read more...] about GDP Expected to Reach 3.8% in 2011
