Economy suffers worst slump since 1946 but 2021 should be better

SA’s fourth-quarter economic growth data, which showed the economy grew at a seasonally adjusted and annualised 6.3%, wasn’t enough to offset the expected slump in full-year GDP, which contracted by 7% in 2020, Stats SA said on Tuesday.

The economy’s growth rate in the final three months of 2020 was better than the anticipated 5.6% adjusted quarter-on-quarter expansion predicted by the median estimate of 15 economists surveyed by Bloomberg prior to the release...