There was a sigh of relief that the economy had avoided a technical recession in the first quarter of 2023 when Stats SA data showed growth of 0.4% compared with the fourth quarter of 2022.
While the positive news is welcome we must not lose the broader context — that many of the economic indicators still show a deteriorating trend, and the data is subject to significant revisions in a post-Covid world. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.