21 « August « 2008 « Investment Postcards from Cape Town

2Q 2008 GDP a sharp but unsustainable rebound

By Prieur du Plessis, on August 21st, 2008 posted in: South Africa

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By Ettienne le Roux

Real GDP growth accelerated to 4.9% q/q annualised in 2Q 2008, from 2.1% in 1Q 2008. The sharp rebound in growth can largely be attributed to a recovery in mining and manufacturing output, which rose by 15.6% q/q and 14.5% respectively and contributed a combined 3.1 percentage points [...]

Read more on US GDP Growth at Wikinvest

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