On Tuesday, Stats SA released the GDP data for the first three months of the year, showing a 1.9% increase and the economy's return to pre-COVID-19 pandemic times.
JOHANNESBURG - Economists said that while the gross domestic product increase recorded in the first quarter of the year was encouraging, the reality was that the second quarter data would likely be bleak.However, there have since been many negative factors locally and internationally which have affected sectors of the economy.
Economists said that there was nothing good to expect from the second quarter data, albeit that the first three months of the year edged the economy into pre-pandemic levels. Don Consulting Group's chief economist Chifipa Mhango said that despite not having control over many of the areas that would influence a possible negative outcome in the second quarter, the country could change its focus.
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