Third quarter GDP growth slows to 0.5%

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Economic activity decelerated in the third quarter. Stats SA data shows South Africa's GDP growth slowed to 0.5% in the third quarter.

That compares with the 0.9% recorded in the second quarter, reflecting a mixed performance across key industries.

The trade, mining, and government sectors were among the primary drivers of growth, though momentum was tempered by a significant contraction in the electricity, gas, and water supply industry.

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Category
South Africa
Tags
SABC News, actuality, world news
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