Little growth expected from GDP stats release

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(iStock)
(iStock)

Cape Town – Economists believe Statistics South Africa will on Tuesday release data that shows that little growth occurred the last three months of 2016.

South Africa’s gross domestic product (GDP) growth rate on a yearly basis until the end of September 2016 was at 0.7%, which was impacted by a 0.1% contraction in the first quarter of 2016 and low growth in the following quarters.

The fourth quarter results will show that the economy didn’t expand at all on an annualised basis from the previous quarter, according to the median of 15 economists’ estimates compiled by Bloomberg.

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