GDP expands but SA’s stance on Russia threatens outlook
Manufacturing increased 1.5% compared to a contraction of 1.2% in the fourth quarter of 2022
06 June 2023 - 13:37
UPDATED 06 June 2023 - 22:50
The economy posted positive growth in the first quarter, thwarting threats of a technical recession despite very high levels of power shortages in the three months ending March.
Data released by Stats SA on Tuesday shows the economy grew 0.4% quarter on quarter after a downwardly revised 1.1% decline in the prior quarter. Eight of the 10 industries recorded growth on a quarterly basis...
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