Page 13 - Thanda Sithole News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Adriaan Kruger The important figure to watch is the annual growth, which an economist says will show the economy shrank by around 7% compared to 2019. Picture: iStock Economists generally expect that the economy would have continued its recovery in the last quarter of 2020 – with forecasts mostly around the 5% level – but that the Covid-19 pandemic would see gross domestic product (GDP) shrink by around 7%. Statistics SA wi...

MONEYWEB app instead? Economy probably contracted by 7% last year Economists expect further recovery in the final quarter of 2020 to be announced on Tuesday, but it will take years to reach pre-Covid levels. 00:01  Open: The severity of the expected contraction makes the economic shocks of 2009 look mild. Image: Waldo Swiegers, Bloomberg Economists generally expect that the economy would have continued its recovery in the last quarter of 2020 – with forecasts mostly around the 5% level – but that the Covid-19 pandemic would see gross domestic product (GDP) shrink by around 7%....