Economic news of the week: COVID19 has made a bad situation worse

In this edition of the Business Day Spotlight, we’re reviewing the week’s top economics news, focusing on the latest gross domestic product (GDP) figures issued by national statistical service, Stats SA.

Our host Mudiwa Gavaza is joined by Nicola Weimar, chief economist at Nedbank to discuss the issues.

Weimar talks to us about second quart GDP performance, the state of public and state finances, impact of load shedding on SA’s pace of recovery, an outlook for the economy and how other African countries in the region have faired, given different levels of strictness for their lockdowns.