Worst GDP in a century may mean still lower repo rate 🔒
A dismal GDP reading showing SA on track for its worst economic performance in about a century could seal the case for another interest-rate cut by the Reserve Bank before the year is out.
Statistics SA data on Tuesday will probably show that the economy contracted 49% in the second quarter, covering the period at which SA’s lockdown was at its most severe, according to a Bloomberg survey of 13 economists.
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