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GDP returns to pre-pandemic levels, up 1.9% q/q in the first quarter

Statistics South Africa (Stats SA) reports that the country’s seasonally-adjusted gross domestic product (GDP) rose by 1.9% quarter-on-quarter in the first quarter of the year, driven primarily by the manufacturing sector, which increased by 4.9% and contributed 0.6 of a percentage point to the overall tally. On a year-on-year basis, unadjusted GDP was 3% higher.

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