The South African economy expanded at an accelerated pace in the second quarter, data from Statistics South Africa showed on Tuesday.In real terms, gross domestic product rose 0.8 percent sequentially after a 0.1 percent increase in the March quarter. The expected expansion was 0.5 percent.Further, a similar rate of growth was last seen in the second quarter of 2023. Eight industries recorded posi...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.