Agricultural gains prevent total economic stagnation in Q1-2025

SOUTH AFRICA - Report 04 Jun 2025 by Iraj Abedian

Real quarterly GDP increased marginally by 0.1% in the first quarter of 2025. This followed an expansion of 0.4% q/q during the fourth quarter of 2024 and a contraction of 0.3% q/q in the third quarter of 2024. The latest GDP print showcases that the South African economy indeed started the year on an anemic note. Amid a more tumultuous global economic environment, domestic activity is still struggling to recover from the supply-side shocks caused mainly by years of electricity supply issues. South Africa’s real GDP registered R 1 170 billion during the first quarter of 2025.

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