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April 2018

The South African economy is growing faster—but how fast?

Marek Hanusch's picture
Construction workers. South Africa. Photo: Trevor Samson/World Bank

The South African economy has been off to a good start in 2018. Statistics SA, the country’s national statistical service, released national accounts figures with revisions that pointed to more positive momentum in the economy than previously thought. South Africa grew by 1.3% in 2017, beating the consensus estimate of economists, and the revised numbers no longer record a technical recession early in the year.