South Africa avoids recession, barely

By on August 27, 2014

According to a recent report released by Statistics South Africa (Stats SA), South Africa’s Gross Domestic Product

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(GDP) at market prices increased by 0.6 percent during the second quarter of 2014, writes cialis vs viagra Krysia Gaweda. The seasonally adjusted real GDP growth was compared to the GDP 0.6 percent decrease during the first quarter earlier this year. The GDP is the total value of goods and services produced in an economy in a certain period of time. Stats SA stated the main contributors to the increase economic activity in the second quarter of 2014 were general government services and the transport, storage and communication industry, where each sector contributed 0,4 of a percentage point. In addition, finance, real estate and business services also contributed with 0,3 of a percentage point. Other sectors that experienced declines during this time included the mining and quarrying industry, with a -0,4 of a percentage point decrease, and the manufacturing cialis vs levitra industry with -0,3 of a percentage point decrease. The report also stated how the seasonally adjusted real annualised value added by the primary and secondary sectors recorded decreases of 5,1 percent and 0,9 percent respectively, while the tertiary sector recorded an increase of 1,8 percent during the second quarter of 2014. Compared to last years (2013) second quarter, the unadjusted real GDP at market prices for the second quarter of 2014 increased by 1.0 percent, and compared with corresponding period in 2013, the estimate of GDP for the first when to take levitra six months of 2014 increased by 1,3 per cent. Nominal GDP at market prices in the second quarter of 2014 was R891 billion, which was R17bn more than the first quarter of 2014. In conclusion, Stats cialis online pharmacy SA stated that the GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the plavix price at walmart time the subsequent quarter’s estimates are released.

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