(3 mins read)
Despite the global pandemic, South Africa‘s economy is said to have grown by 13.5% between July and September this year.
This growth comes after a 17% contraction in the second quarter of the year, which has been put down to measures imposed to contain the spread of coronavirus. That was the fourth quarterly contraction in a row.
Today’s figures show that the economy is bouncing back and if this rate was repeated through the year it would amount to a 66.1% increase. This change is said to have coincided with the easing of Covid-19 lockdown restrictions.
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