Risk Alert | SA GDP contracts for third consecutive quarter… and counting

6 July 2020 - This week, CRA analyst Bheki Mahlobo discusses South Africa’s chronically underperforming economy.
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Risk Alert | SA GDP contracts for third consecutive quarter… and counting

As GDP declined by 2% in Q1 2020, South Africa’s recession continued for the third consecutive quarter under President Cyril Ramaphosa. Further contractions of over 30% are expected in Q2 as a consequence of the government-imposed Lockdown.

This comes amidst signs of a robust post-Covid-19 global recovery driven by gradual re-opening in the developed world.

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