South Africa Avoids Recession as GDP Expands 0.6% in Quarter
This article is for subscribers only.
South Africa’s economy avoided its second recession in five years, expanding an annualized 0.6 percent in the three months through June.
Gross domestic product rose after contracting 0.6 percent in the first quarter, the statistics office said in a report released today in the capital, Pretoria. The median estimate of 23 economists in a Bloomberg survey was 0.9 percent.