Economy / General

Third quarter 2021 slump in agriculture GDP a surprise but not a concern

Statistic South Africa’s latest update on the country’s overall real GDP for 3Q2021 shows a decline of 1.5% quarter-on-quarter (q/q) seasonally adjusted (but not annualised).

Surprisingly poor GDP growth should not derail tighter monetary policy

GDP growth disappointed in the third quarter of 2021, with the -1.5 % quarter-on-quarter seasonally adjusted print, at the low side of the -1.6% to -0.6% consensus forecast range.

A huge misperception exists

Consumer finances are under strain… with debt levels and COVID-19, we wonder if the worst is yet to come.

Chief Investment Officer comments on SA unemployment rate