Avatar photo

By Citizen Reporter

Journalist


SA’s economy breaks out of recession with 2.5% GDP growth

The latest GDP figures represent a year-on-year growth of 1.1%.


South Africa’s economy is officially out of a technical recession with a GDP growth of 2.5% in the second quarter of this year, statistician-general Pali Lehohla announced on Tuesday.

In June, Stats SA showed the economy was in recession after growth contracted 0.7% in the first quarter of 2017 following a contraction in the fourth quarter of 2016. In the same month, unemployment also spiked to a 13-year high of 27.7%.

Read more on these topics

economy Gross Domestic Product (GDP) recession

For more news your way

Download our app and read this and other great stories on the move. Available for Android and iOS.