HILARY JOFFE: Figures look good but on closer inspection, not so rosy
The market had expected the economy to grow at an annualised 2.5% during the first quarter of this year
13 June 2021 - 00:08
It was a week of bad-mood-busting economic news, with stronger than expected first-quarter GDP figures, a big jump in business confidence, a current account surplus and, to top it all, President Cyril Ramaphosa's electricity surprise.
But a closer look at the first-quarter figures puts some question marks on how strong and how sustainable is SA's economic recovery. And while this year's growth rate will be way higher than we're used to, there are significant risks to the rosy picture...
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.