Economic Growth Improves in Q3 2014

SOUTH AFRICA - Report 25 Nov 2014 by Iraj Abedian
According to rebased and re-weighted official figures released by Statistics South Africa, the inflation-adjusted gross domestic product (GDP) grew by 1.4% on a quarter-on-quarter (q/q) seasonally adjusted and annualized (saa) basis in the third quarter of 2014 (see Graph 1). This, after having narrowly escaped recession in the second quarter of 2014, which saw the economy rise by 0.5% (q/q, saa) from a decline of 1.6% (q/q, saa) in Q1 2014. Graph 1 Quarterly Inflation-adjusted GDP growth rate, South Africa, 2010 Q1 – 2014 Q3 Note: Seasonally adjusted and annualized rates, constant 2010 pri...

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