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South Africa’s economy reaches pre-pandemic size in strong Q1

South Africa’s economy reaches pre-pandemic size in strong Q1

ALEXANDER WINNING SOUTH AFRICA'S economy grew more than expected in the first quarter, recovering to the level it was before the COVID-19 pandemic thanks to a strong performance by sectors like manufacturing, data from the statistics agency showed. The growth trajectory will offer some comfort to South African President Cyril Ramaphosa, who has been under pressure to lift the growth rate. The gross domestic product grew 1.9% in the first quarter in quarter-on-quarter seasonally adjusted terms and by 3.0% year-on-year unadjusted in the first three months of the year. Economists had predicted 1.2% quarter-on-quarter growth and a 1.7% year-on-year expansion.…
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