SHOOT: Don't all cheer at once.
The seasonally adjusted real gross domestic product (GDP) at market prices for the third quarter of 2009 increased by an annualised rate of 0.9 percent compared with the second quarter of 2009, the Pretoria based agency said.
This followed decreases of real annualised economic growth rates of a revised 7.4 percent and a revised 2.8 percent in the first and second quarters of 2009, compared with the fourth quarter of 2008 and the first quarter of 2009 respectively.
However, Statistics SA 's executive manager of national accounts Joe de Beer sounded a word of caution regarding the latest GDP figure.
"GDP has returned to positive growth, but the underlying trend is still negative," he said.
Commenting on the data, economist Mike Schussler said he was relieved that the recession had ended "although for many people it may not feel like it".
"But at least Tuesday's figure adds a positive spin," Schussler said.
|
clipped from www.timeslive.co.za
No comments:
Post a Comment