GDP Growth Takes a Hit

SOUTH AFRICA - Report 25 Aug 2015 by Iraj Abedian
Real (inflation adjusted) gross domestic product (GDP) at market prices decreased by 1.3% on a seasonally adjusted annualized rate in the second quarter of 2015 according to official figures reported by Statistics South Africa. This follows quarter one’s modest growth of 1.3%, meaning that the rate of growth of quarter-on-quarter real GDP has declined by 2.6 percentage points. Graph 1 Quarterly inflation adjusted GDP growth rate, South Africa Note: Seasonally adjusted and annualized rates, constant 2005 prices. The shaded area represents the recession period. Source: Statistics South Africa...

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