South Africa Economic Review & Forecast (Quarterly Report & Data) - November 2017

The primary sector was the main growth driver in the first half of 2017. Agricultural gross value added growth averaged 8% y/y in real terms after a return to near-normal rainfall following a crippling drought in 2016. Mining, which grew by 3.3% y/y in the first half of 2017, has also supported growth. However, growth in production and export volumes again appear to be slowing, held back by declining confidence in the policy environment.

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