GDP figures show economic production is virtually back to pre-pandemic levels
It is very encouraging that the latest much-better-than-expected gross domestic product (GDP) figures for the first quarter of 2022 show a further strong recovery in the economy following the economic setbacks of the Covid-19 lockdowns and the widespread civil unrest of July 2021.
Prof Raymond Parsons, economist from the Business School of the North-West University (NWU), says the figures that were announced on 7 June 2022 reinforce the 4,9% GDP growth recorded for 2021 as a whole, after the negative -6,4% growth experienced in the previous year.