South Africa’s Gross Domestic Product contracted 1.4% in the fourth quarter of 2019, following a revised 0.8% contraction in the third quarter, data from Statistics South Africa showed on Tuesday.
Economists polled by Reuters had predicted a contraction of 0.1% in quarter-on-quarter and seasonally adjusted terms in the final three months of last year.
GDP shrank 0.5% year-on-year in the fourth quarter after a 0.1% expansion in the previous quarter.
The economy expanded by 0.2% in the 2019 calendar year compared to 0.8% in 2018.
— Stats SA (@StatsSA) March 3, 2020