BusinessSASA Business
GDP contracts as SA’s sluggish economy embarks on a go-slow
After recovering to pre-pandemic levels earlier in the year, South Africa’s GDP contracted in the second quarter. The economy struggled to stay above water amid another bout of load-shedding and the devastating KwaZulu-Natal floods.
Though economists are forecasting that growth will pick up in the second half of the year, they are also not expecting a sprightly bounceback as global recession fears and the country’s structural weaknesses continue to weigh on the local economy.
Support the journalism that helps you navigate your world
Looking for another offer?
Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.
press releases
Loading latest Press Releases…