The economy made a better than anticipated rebound in the third quarter, increasing at a seasonally adjusted and annualised rate of 66.1% as lockdown restrictions were eased.

The economy clawed its way back from the harsh decline of a revised 51.7% experienced during the second quarter, which coincided with the most severe levels of lockdown, according to data released by Stats SA on Tuesday. Stats SA annualises its quarterly GDP statistics — which assumes that the percentage change from one quarter to the following will be maintained for the entire year...

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