Economy / General

What does the impact of the lower contribution to the GDP mean for agriculture?

Although contribution was muted in the 1st quarter, this is a temporary blip given the generally huge production outlook across most of the agriculture commodities.

South Africa's 1Q21 GDP growth exceeds consensus expectations

The economy’s GDP officially grew by 4.6% q/q at a seasonally adjusted and annualised rate (saar) in 1Q21, following downwardly revised growth of 5.8% q/q (previously: 6.3% q/q) seasonally adjusted and annualised.

Q1 GDP still 3.2% y-o-y smaller

A country can only create the amount of jobs it is allowed to! Why we need to look at the latest unemployment stats in context

All countries have their own laws, regulations and policies and this to a very large extent determines the environment within which jobs can be created. Should such an environment not be “job creation friendly”, a country will not be able to create as many jobs as it otherwise could have. Job creation becomes even more difficult when a pandemic such as COVID-19 causes regular restrictions on an economy’s ability to grow and create jobs.