South Africa: Growth moderates in Q1, but still overshoots market expectations

south africa growth moderates in q1 but still overshoots market expectations

Sumary of South Africa: Growth moderates in Q1, but still overshoots market expectations:

  • GDP growth slowed markedly to 4.6% in seasonally-adjusted annualized rate terms (SAAR) in the first quarter, from 5.8% in the fourth quarter of last year..
  • On the domestic side, household consumption growth moderated to 4.7% in SAAR terms in the first quarter, from 7.5% in the fourth quarter of 2020….

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