Why GDP bump isn’t what it seems
Q1 GDP did just enough to escape recession territory, but the picture is still grim
08 June 2023 - 05:00
South Africa has avoided a technical recession. But though the latest GDP data is weakly positive, the economy is clearly staggering under the weight of intense load-shedding, high inflation and waning confidence.
In the first quarter (Q1) of this year, the economy expanded 0.4% quarter on quarter (q/q) in line with consensus expectations...
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