The extent to which Covid-19 shutdowns pummelled SA’s already ailing economy is in focus in the week ahead, with second-quarter GDP figures expected to show that the economy as much as halved when compared with the first three months of the year.

The Bloomberg consensus is for a GDP contraction of 49% quarter on quarter, but analysts say early signs are that there was a recovery in the third. Year on year, GDP is expected to fall 16.5% in the three months to end-June, according to the 11 economists surveyed by Friday.

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