About: http://data.cimple.eu/news-article/9ed4bc463cff27e780033dee6e3d92e94c52d42b146850e34f6e26b2

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About: http://data.cimple.eu/news-article/9ed4bc463cff27e780033dee6e3d92e94c52d42b146850e34f6e26b2 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	South Africa's economy maintained a steady growth trajectory in the first quarter of this year ticking up by more than one percent compared to the last quarter of 2020, official statistics showed Tuesday. It is the third time in a row that Africa's most industrialised economy has seen positive quarter-on-quarter GDP growth since suffering a pandemic-induced slump last year. But the economy remained 2.7 percent smaller than in the first quarter of 2020. "The South African economy grew by 1.1 percent in the first quarter of 2021 (January-March), translating into an annualised growth rate of 4.6 percent," Statistics South Africa announced in a statement. The main growth drivers were the country's finance, mining and trade industries, it said. Household spending also rose. South Africa's economic output slumped by more than 100 billion rand ($7.4 billion) after the government rolled out strict lockdown measures in March last year to contain the spread of Covid-19. The country was already in recession before the pandemic and is faced with unsustainable levels of public debt. The gradual easing of movement restrictions has allowed South African businesses to slowly recover, but the economy is now roughly the same size as it was five years ago. sch/sn/rl
schema:headline	South Africa posts modest growth in first quarter
schema:mentions	South African rand Government debt Recession Africa Gross domestic product Lockdown South Africa Pandemic Coronavirus disease 2019 Statistics South Africa Latent growth modeling
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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