South Africa economy grew by 0.4% in Q1 2023, bouncing back from a downwardly revised 1.1% decrease in the previous quarter and managing to sidestep a technical recession despite record power outages. Exports grew by 4.1% in Q1 2023, while imports advanced by 4.4%. Meanwhile, government spending and household consumption increased by 1.2% and 0.4%, respectively. YoY, the GDP rose by 0.2% in Q1 2023, consistent with market predictions, following a revised 0.8% increase in the previous period.