South Africa avoids recession in a big way as Q2 GDP grows by 3.3%

[BusinessTech]

South Africa avoids recession in a big way as Q2 GDP grows by 3.3%

South Africa has missed falling into a technical recession in a big way, with the GDP data for the second quarter of 2016 showing growth of 3.3%.

 

[Okty]

Huzzah!


(I think...)

 

[Chevron]

That's impressive actually.

 

[skimread]

Is this GDP in ZAR or GDP in USD?

 

[Excalibur]

Yippee!

 

[Kosmik]

How? Seems fishy, I mean the economy can't pull a fish out of nowhere?

 

[Neoprod]

How? Seems fishy, I mean the economy can't pull a fish out of nowhere?

Hired the same consultants that did the Nigerian GDP rebase.

 

[Drifter]

It's true. I decided to pay SARS the money I owe them.

 

[TheChamp]

Good News.

 

[Xino_sam]

Please no one say Z#@a vs. Pr@*)n out loud - ZAR seems to be getting stronger again

 

[R13...]

Is this GDP in ZAR or GDP in USD?

This is ZA, so of course it is measured in ZAR. You can see the full figures on the stats sa website if you wish.