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“The encouraging GDP figure for the second quarter of 2017 which came in at 2.5% will surely help to bolster consumer confidence in South Africa, particularly after a challenging first half of the year marred by credit rating downgrades, a cabinet reshuffle and a technical recession.
Ask any Capetonian right now and they will tell you that one day’s rain is wonderful, but unfortunately it won’t fill the dams sufficiently. This is as applicable to the latest GDP data released earlier today.
Latest index shows annual pick up augmented by low-growth economy.
Maarten Ackerman, Chief Economist and Advisory Partner of Citadel, makes some observations on the second quarter 2017 Quarterly Labour Force Survey.
The strongest deterrent against FSP compliance missteps is or should be: