08 June 2021 1 Min Read
LISTEN | SA's GDP figures show better-than-expected growth in Q1 of 2021
in News by Paige Muller
Data shows that an increase in household spending went a long way in helping SA's Q1 GDP figures surpass anticipated growth forecasts. Stock photo.
Image: Leon Swart/123rf.com
Image: Leon Swart/123rf.com
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A pickup in household spending and robust activity in SA's mining and finance industries helped the country’s pandemic-battered economy grow a better-than-expected 4.6% in the first three months of 2021, marking a third consecutive quarter of recovery.
Annabel Bishop, chief economist at Investec, outlines the Q1 GDP result, drawing particular attention to the impressive growth of the financial sector and the ongoing risk presented by electricity supply constraints.
Here is what she had to say:
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