The South African economy in the third quarter came out of recession, showing a growth of 2.2% compared to the second quarter. This is indicated by official data. In the previous two quarters, GDP fell in the country. Compared to the third quarter of last year, GDP growth was 1.1%, accelerating compared with a rise of 0.4% a quarter earlier. Quarterly growth contributed to a significant rise in the manufacturing and agricultural sectors. Growth in the manufacturing sector was 7.5%. The agricultural sector expanded by 6.5%. At the end of the year, the Central Bank of South Africa expects an increase in the economy by less than 1% compared to 2017.
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