Breaking News, World News and Taiwan News.

Updated Thursday, February 25, 2010 11:24 am TWN, Reuters

Africa recovery gathers pace, rates seen on hold

JOHANNESBURG -- South Africa's economy grew more than expected in the fourth quarter and the central bank re-affirmed its commitment to low inflation, dimming hopes that interest rates could fall further to support stretched households. Statistics South Africa said on Tuesday the economy grew by 3.2 percent in the fourth quarter on a seasonally adjusted and annualised basis, much stronger than the 2.5 percent consensus in a Reuters poll last week.

The economy was supported by a strong manufacturing sector, the second biggest contributor to GDP, which rose by 10.1 percent.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email


Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 70% for hotel in Shanghai and 6000 hotels, in Beijing, Guangzhou, Shenzhen, and all China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.