Economic growth is a welcome rebound
South Africa’s economic growth of 1,2% in the fourth quarter of 2021 has yielded an overall positive gross domestic product (GDP) growth of 4,9% in 2021, which is a welcome rebound in the economy after the devastating -6,4% growth in 2020.
According to Prof Raymond Parsons, economist from the Business School of the North-West University (NWU), half the sectors in the economy, especially mining and agriculture, made positive contributions to the economic recovery in the final quarter of the year.