ISAAH MHLANGA: Blowing on the sparks of life in the economy
The Covid-19 pandemic has stress-tested almost everything we knew and understood about the economy, markets, social life and mobility.
The historic 51% (R520bn) quarterly annualised and seasonally adjusted contraction in the second quarter sent the economy back to the level it was at in the second quarter of 2007, removing 5-million people from the labour force due to the lockdown regulations, and taking with it 2.2-million jobs and R508bn in disposable income. ..
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