RTTNews - Tuesday, the Statistics South Africa announced that the gross domestic product or GDP at market prices decreased a seasonally adjusted and annualized 6.4% in the first quarter, compared to the 1.8% fall in the previous quarter. Economists were looking for a decline of 3.5%.

On an unadjusted basis, the GDP at market prices dropped an annualized 1.3% in the first quarter compared to a 1% growth in the preceding quarter.

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