A Sharp Slowdown in Q1 2015 GDP Growth

SOUTH AFRICA - Report 26 May 2015 by Iraj Abedian
According to Statistics South Africa's official figures released today, the inflation adjusted (real) gross domestic product (GDP) increased at a muted quarterly, seasonally adjusted and annualized rate of 1.3 per cent in the first quarter of 2015. This follows a notable improvement in the preceding quarter's GDP outcome of 4.1 per cent (see Graph 1).Graph 1Quarterly inflation adjusted GDP growth rate, South AfricaSource: Statistics South Africa.Note: Seasonally adjusted and annualised rates at constant 2010 prices.While the contribution of the primary and tertiary industries anchored the t...

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