SA out of recession

File: Agriculture was a significant contributor to the economic growth in the three months to June, Stats SA announced on Tuesday. Photo: eNCA/ Sethembiso Zulu

JOHANNESBURG - Stats SA released second-quarter GDP data on Tuesday that showed the economy expanded in the three months to June, ending the second recession in less than a decade.

The economy grew 2.5 percent in the second quarter.

The Agriculture, forestry and fishing industry was the biggest contributor to growth, adding 33.6 percentage points to GDP.

Agriculture and mining were the only two industries that expanded in the first quarter, and both continued to perform well in the three months through June.

Government services recorded a decrease of 0.6 percentage points.

The economy entered a technical recession earlier this year after two consecutive quarters of economic decline.

eNCA

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