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SA’s growth (and employment) conundrum
SA’s growth (and employment) conundrum
Reezwana Sumad, Walter De Wet
Posted 05/06/2023 2 mins
South Africa’s (SA’s) GDP growth for 1Q23 will be released this week, with expectations for fractional growth just enough to stave off a technical recession; we project growth of 0,2% q/q in 1Q23. Full-year growth estimates are at risk of being revised lower, which would adversely affect revenue collection and fiscal ratios.
SA’s GDP growth likely to have remained subdued in 1Q23
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