GROWTH
Surprise GDP data shows economy is likely to maintain momentum
With the global economy set for a strong rebound in 2021, economists are optimistic SA’s economy will exceed Reserve Bank’s forecast
09 June 2021 - 05:10
UPDATED 09 June 2021 - 07:18
Stronger-than-forecast growth in the first quarter of 2021 had economists scrambling to update their full-year forecasts, even as they warned that slow progress in implementing key reforms will hinder longer-term prospects.
GDP rose 4.6% in the three months to March, faster than the 3.2% median forecast of 16 economists surveyed by Bloomberg, Stats SA data showed on Tuesday...
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