GDP improves in third quarter as economy opened up
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According to the most recent announcements by StatsSA Gross domestic product (GDP) has improved in the third quarter of the year as the economy opened up, increasing at a seasonally adjusted and annualised rate of 66.1% as lockdown restrictions were eased.
Annabel Bishop, Chief Economist at Investec Bank Limited, South Africa who explains how the economy clawed its way back from the harsh decline of a revised 51.7% experienced during the second quarter, which coincided with the most severe levels of lockdown.
Annabel Bishop, Chief Economist at Investec Bank Limited, South Africa who explains how the economy clawed its way back from the harsh decline of a revised 51.7% experienced during the second quarter, which coincided with the most severe levels of lockdown.
