South Africa's economy rebounds in Q2 2021

Real GDP in South Africa increased by 4.7% q/q annualised in Q2 2021, which is a slight acceleration from 4.2% q/q annualised in the previous quarter.

The annual growth rate is much higher due to a low base effect and, staying at 19.3% y/y compared to a contraction of 2.6% y/y in the first quarter.

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