Second quarter GDP shrinks, dealing a blow to recovery
KZN floods, countrywide power outages and the global economic slowdown weigh especially heavily on manufacturing, mining and agriculture
06 September 2022 - 12:12
SA’s economy contracted in the second quarter as floods, power outages and the global economic slowdown negated the country’s nascent recovery in the preceding two quarters.
Stats SA reported on Tuesday that GDP decreased by 0.7% in the three months to end-June, in line with the median estimate of economists surveyed by Bloomberg...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.