THERE SHALL BE WORK
XHANTI PAYI: Don’t miss the details in the GDP statistics
The subsectors of agriculture and finance hold clues for better interventions that could kick-start growth and employment
15 September 2022 - 05:00
When Stats SA reported in June that SA’s GDP had expanded 1.9% in the first quarter of this year, making it the second consecutive quarter of growth, commentators rejoiced at the recovery, announcing that the size of the economy was now at pre-pandemic levels. Indeed, real GDP was reported to be slightly higher than it was before the pandemic.
But it now looks as if the economy is in reverse gear, as data for the second quarter released last week reveals that it had contracted 0.7%...
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