Chronicle Editor
SOUTH Africa’s gross domestic product (GDP) contracted by 1,5 percent in the third quarter of the year on a quarter-on-quarter seasonally adjudged basis, according to Stats SA.
The largest falls were in trade, manufacturing and agriculture.
The decline brings to an end a period of tentative growth following a record GDP plunge in September last year.
The economy grew by one percent in the first quarter and a revised 1.1 percent in the second quarter of 2021. -fin24
Online Reporter