Wednesday 19 December 2018
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portalangop - 15 days ago

South Africa s economy out of recession as GDP expands 2.2 pct in Q3

PRETORIA- South Africa’s economy grew more than expected in the third quarter as manufacturing and agriculture accelerated to drag the country of its first recession in nearly a decade, data showed Tuesday. , South Africa s economy expanded 2.2 percent in the third quarter in quarter-on-quarter terms, snapping out of recession after a revised 0.4 percent contraction in the second quarter, data from Statistics South Africa showed. The rand added to its early session gains, advancing to a session-best 13.5600 per dollar at 0935 GMT from an open at 13.6150.Reuters ,

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