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Big GDP surprise for South Africa’s economy

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Joe de Beer - DDG: Responsible for economic statistics talks about Stats SA has published the latest gross domestic product numbers for the third quarter of 2022, showing surprising growth of 1.6% in the quarter.

The growth beat out market expectations by some margin – consensus among economists and analysts was that the economy would grow 0.4% for the quarter, given the heightened levels of load shedding taking place. At best, optimistic views were for 0.7%.

According to Stats SA, however, the output from the country’s various economic sectors was higher than anticipated, and the reported number is four times higher than the predictions.
6 Dec 2022 1PM English South Africa Business News · Investing

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