EDITORIAL: IMF’s warnings against paralysis getting louder — for good reason
09 December 2021 - 05:00
The latest official data on GDP paints a bleak picture of an economy that was starting to recover more robustly than expected in the first half, but was then savaged by July’s eight days of unrest and third-wave lockdown restrictions in the third quarter.
Now, we face a fourth quarter that will again be hit by a fourth wave of Covid, along with more load-shedding. Stats SA said the economy contracted by a worse-than-expected 1.5% in the third quarter, prompting economists to revise down their forecasts, having previously revised forecasts upwards, to well over 5%. ..
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.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.