More good news: South Africa’s economy, measured by our Gross Domestic Product (GDP), expanded by 1.1% in the first quarter of 2021 to 4.6% – better than the 3.1% that economists predicted. With the positive growth so far, economists have been reviewing their forecasts for economic growth. Some now say they expect the economy to grow and reach at least 5% by the end of this year. Some also say we could reach pre-pandemic GDP levels by 2023. 🎉 The increase in GDP just means that the cost of living will decrease for me and you. Now we just need Eskom and load shedding to behave.
This article appeared as part of The Wrap, 10 June 2021. Sign up to receive our weekly updates