LISTEN: GDP set to contract by 45% - economist

LISTEN: GDP set to contract by 45% - economist

South Africa's economy is expected to contract by 45% in the second quarter of the year, according to economist Francois Stofberg.

GDP graphs

Statistician-general Risenga Maluleke is set to announce the latest Gross Domestic Product on Tuesday – and it could see South Africa's worst economic performance in a century.

READ: EFF vows to shut Clicks stores again today

"Even if the economy contracts 45% in the second quarter, down from a 2% contraction in the first quarter, expectation from this low bases for the third quarter growth is in the region of 18%.

"Even if you have a very muted fourth quarter the annual figure will only be around negative 10%," said Stofberg.

Listen to Stofberg below:

New Newswatch podcast banner yellow

Show's Stories