Behind South Africa’s incredible shrinking GDP
A contraction in growth in the third quarter reflects poor figures from nearly all sectors, particularly agriculture
07 December 2023 - 05:00
South Africa experienced an almost across-the-board wipeout in real GDP growth in the third quarter, as economic activity slowed by 0.2% quarter on quarter, against the consensus expectation for a 0.1% contraction.
But given what has been thrown at employers this year — intense load-shedding, the collapse of the logistics network and high interest rates — the third quarter reading should hardly come as a surprise...
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