File image: Former South African President, Jacob Zuma. IOL.

CAPE TOWN - It turns out that South Africa’s economy did not experience a recession in 2017, during Jacob Zuma’s last full year as the nation’s president. 

Revisions to the statistics agency’s gross domestic product data Tuesday show the continent’s most-industrialized economy expanded 0.4 % in the fourth quarter of 2016 and that it didn’t contract 0.3 % as reported in December. 

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Gross domestic product climbed an annualized 3.1 % in the final three months of 2017, more than the 1.8 % median of 14 economists’ estimates in a Bloomberg survey.

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        Picture: Recession erased. Bloomberg. 

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- BLOOMBERG