Marginal growth for SA's economy in first quarter
Updated | By Newswatch
South Africa's economy grew by 1.1% in the first quarter of 2021.
It's a growth rate of 4.6% on an annualised basis.
According to Stats SA, the finance, mining and trade industries were the main drivers of output.
READ: SAMA: SA needs tighter Covid restrictions over weekends
The agency says household spending and changes in inventories also helped spur growth on the expenditure (demand) side.
Despite this expansion, GDP is still is 2,7% smaller than it was between January and March 2020.
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