Low Growth Continues into the Fourth Quarter of 2015

SOUTH AFRICA - Report 01 Mar 2016 by Iraj Abedian

Official growth figures released by Statistics South Africa show that after having increased by a measly 0.7% during the third quarter of 2015, quarter-on-quarter real gross domestic product (GDP) at market prices went up by another paltry amount of 0.6% during the fourth quarter of 2015. Furthermore, this growth came short of an already low market consensus of 0.9%.

Year-on-year inflation adjusted GDP at market prices also increased by 0.6% during the fourth quarter of 2015, following an increase of 1.0% during the third quarter.

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