GDP estimates show surprising growth

Gross domestic product (GDP) growth in the fourth quarter of 2017 reached a better than expected 3.1%, Stats SA has found.

“The South African economy grew by 1.3% in 2017, exceeding National Treasury’s expectation of 1% growth announced during the National Budget Speech in February.

“The fourth quarter experienced the highest growth rate of 2017, with the economy expanding by 3.1% quarter-on-quarter,” said the statistician-general’s office in a statement on Tuesday.

	Phelokazi Mbude Journalist City Press p: 0117139001 w: www.citypress.co.za  e: Phelokazi.Mbude@citypress.co.za
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