Their comments come as Statistics South Africa prepares to release the first quarter GDP numbers on Tuesday morning.
ABSA Economist, Miyelani Maluleke, says GDP is expected to rise by zero point nine percent in the first quarter of the year before slowing down in the second quarter. “South Africa’s overall recovery from the depths of the hard lockdowns has been faster than we had anticipated. Certainly, when we look at the high frequency numbers that we have seen for the first three months of the year, it does look like that moment has carried on into the first quarter of this year.
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