PRETORIA (Reuters) – 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 on Tuesday.
Economists polled by Reuters had predicted a 1.6 expansion for the third quarter.
The data also showed economic output rose 0.5 percent on an unadjusted year-on-year basis in the third quarter, in-line analysts’ predictions.
Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia
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