Economist, Raymond Parsons, has welcomed with cautious optimism the growth of the country’s Gross Domestic Product (GDP) in the second quarter of 2019.
The Gross Domestic Product data that Statistics South Africa has released shows that mining, manufacturing finance and real estate had positive growth in the three months to the end of June 2019.
Economists have mixed reactions to whether South Africa will evade a technical recession this quarter or not. Statistics South Africa will on Tuesday release the second quarter Gross Domestic Product (GDP) numbers.
Data released by StatsSA last week indicate that the total value of all the goods and services produced in South Africa (i.e. the Gross Domestic Product or GDP) fell in the first quarter of 2019.
President Cyril Ramaphosa says he hopes the Northern Cape will increase its contribution to the Gross Domestic Product (GDP).
Treasury says the country’s Gross Domestic Product (GDP) growth for 2019 is forecast to grow at 1.5% from an estimated 1.7%.
Analysts expect the third quarter Gross domestic product (GDP) numbers will show that South Africa has come out of its technical recession.
Zimbabwe’s budget deficit will more than double to 11.1 percent of gross domestic product this year from an initial forecast of 5 percent due to runaway government spending, a senior treasury official said on Monday.
South Africa’s rand slipped early on Tuesday, as investors waited for second-quarter gross domestic product (GDP) figures due out later in the day.
Economists have warned that the country’s debt to Gross Domestic Product could be pushed to unsustainable levels if requests for bailout by State Owned Enterprises are given a green light.