SA GDP CONTRACTS BY 51% IN 2020Q2 Last week, forecasters predicted that second quarter growth figures will range between -40% and -54% chiefly attributable to hard lockdown levels 5 and 4 implications to economic activity. Improvements in economic activity are expected to stem from sector deemed to produce essential goods…

South Africa’s economic activity contracted by -2.0% quarter-on-quarter (q/q) in the first quarter of 2020, slipping deeper into the technical recession registered in the last half of 2019. The latest tally marks the third consecutive quarterly decline, following economic declines of -1.4% (2019Q4) and -0.8 …

SA ENTERS TECHNICAL RECESSION IN FINAL QUARTER OF 2019 South Africa’s Gross Domestic Product (GDP) declined by 1.4% (y/y) in the fourth quarter of 2019, following a revised 0.8% contraction in the previous quarter (2019:Q3). This marked the second consecutive quarter of negative growth, pushing the SA economy into a technical recession. The local economy registered a meagre 0.2%…

After averting a technical recession in the second quarter of 2019, the South African economy contracted by -0.6% quarter-on-quarter in the third quarter of 2019. This was beyond the market consensus of a contraction between 0.0% and 0.4%. The contraction is in line with analyst’s views that the rebound in…

The South African economy expanded by 3.1% quarter-on-quarter (q/q) in the second quarter of 2019, following a revised 3.1% contraction in the preceding quarter (2019: Q1). Averting a technical recession such as the one that registered in the first half of 2018 where the South African economy contracted by -2.7%…

SA Economy contracts by 3.2% in 2019:Q1 The South African economy contracted by 3.2% (q/q) during the first quarter of 2019, beyond the market consensus of a contraction of between 1.5% and 2.0%. The 3.2% q/q contraction follows expansions of 2.6% and 1.4% …