Tag: growth rate
Shocking GDP contraction – has the economy been irrevocably damaged?
On Tuesday Stats SA announced that SA’s GDP had contracted 51% between April and June (using annualised quarter on quarter numbers – in other words, this is a 17% decrease for the quarter) as a result of the lockdown imposed in response to Covid-19. The contraction was shocking – but not unexpected. Given that government took the decision to implement one of the harshest and longest lockdowns globally, the severity of the economic contraction should not come as a surprise.
South African economy contracts 3.2% q-o-q in 2019 Q1
tructural reforms urgently needed as annual growth drops to 0% y-o-y. Statistics South Africa (StatsSA) reported on June 4 that the South African economy contracted by 3.2% quarter-on-quarter (q-o-q) during the first quarter of 2019 – the biggest decline in 10 years.
Is the economic recession really over?
Prof Danie Meyer | Senior researcher and lecturer: Faculty of Economic and Management Sciences | North-West University | daniel.meyer@nwu.ac.za | www.nwu.ac.za |
Despite the surprisingly...
