SA out of recession


Johannesburg, 09 February 2016 - Subsistence farmer transplanting his vegetables, at a nearby open field, the community converted for commercial farming.

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.

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