ECONOMIC WEEK AHEAD: Economy braces for more bad news
Fears of another quarterly contraction in GDP are doing the rounds among economists
01 December 2019 - 16:29
The weak state of the SA economy is likely to be confirmed this week by a slew of important data releases. Most significant will be the third-quarter GDP growth numbers, with some economists fearing that SA is about to suffer another quarterly contraction.
Real GDP growth rebounded to 3.1% quarter on quarter in the second quarter — a huge turnaround from the first quarter’s 3.1% contraction when load-shedding and strikes took a heavy toll. This has raised the statistical base going into the third quarter, making it harder for the economy to sustain an upward trend...
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