World

South African economy contracts 51 per cent in Q2

Reuters Pretoria | Updated on September 08, 2020 Published on September 08, 2020

South Africa’s gross domestic product (GDP) contracted by 51 per cent quarter-on-quarter (q-o-q) in the second quarter of 2020, the fourth contraction in a row, data from the statistics agency showed on Tuesday.

GDP shrank 17.1 per cent year-on-year in the three months to the end of June, reflecting the impact of the country’s tough lockdown to contain the coronavirus.

(Reporting by Mfuneko Toyana Editing by Alexander Winning)

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on September 08, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.