Negative factors lead to third quarter’s GDP decline
The decline in the third quarter gross domestic product (GDP) growth to -0,2% from 0,5% in the second quarter of 2023 was worse than expected.
Stats South Africa released the GDP growth figures for the third quarter on 5 December. Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says negative factors have clearly dominated the positive ones to a greater extent than anticipated in that period.