Figures by Statistic South Africa indicate that Gross Domestic Product (GDP) fell as a result of significantly low production output in the mining, manufacturing and construction industries.
Singapore downgraded its 2020 gross domestic product forecast for the third time as the COVID-19 pandemic batters the bellwether economy, the Trade Ministry said on Tuesday.
IMF chief Kristalina Georgieva on Thursday lauded Japan’s plans to spend about 20% of its gross domestic product to respond to the economic challenges of the coronavirus pandemic and help the world’s poorest countries, urging others to do their part.
South Africa’s gross domestic product contracted 1.4% in the fourth quarter of 2019, following a revised 0.8% contraction in the third quarter, data from Statistics South Africa showed on Tuesday.
South Africa’s Gross Domestic Product (GDP) contracted by 0.6% quarter-on-quarter in the third quarter of 2019.
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).