Wednesday 8 July 2020
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enca - 8 days ago

Stats SA to release GDP figures

Stats SA to release GDP figures Ongezwa Tue, 06/30/2020 - 07:30 Teaser Media Paragraphs File: South Africa s economic growth rate has been slow in the past five years. Pixabay JOHANNESBURG - Stats SA will release the GDP figures for the first quarter of 2020 on Tuesday as the country battles COVID-19. The economy contracted by 1.4%in the last quarter of 2019. READ: South Africa s unemployment rate increases The overall economic growth was 0.2%. South Africa s economic growth rate has been slow in the past five years. There are fears that things will get worse this year due to the coronavirus with some companies closing down while others cut jobs and salaries.


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