South Africa’s economy is back at the size it was before the coronavirus pandemic struck, after growing faster-than-expected in the first quarter.
Gross domestic product expanded 1.9% in the three months through March, compared with revised growth of 1.4% in the previous quarter, Statistics South Africa said Tuesday in a report released in the capital, Pretoria.
The median of 13 economists’ estimates in a Bloomberg survey was for growth of 1.2%.
The economy grew 3% from a year earlier.
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At 1.15 trillion rand ($75 billion) in the three months through March, GDP is now about 5 billion rand more than it was in the first quarter of 2020, according to statistics agency data.
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At 1.15 trillion rand ($75 billion) in the three months through March, GDP is now about 5 billion rand more than it was in the first quarter of 2020, according to statistics agency data.
The government imposed tough restrictions on movement in March of that year to contain the spread of the disease.
