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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.
9 Dec 2020 8AM English South Africa News · Daily News

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