Ina Opperman
Business Journalist
4 minute read
7 Sep 2021
5:21 pm

Increase in GDP good, but nothing to write home about

Ina Opperman

Economists are happy with the increase in GDP, but the latest stats must also be viewed in context.

Stats show that South Africa’s GDP increased by 1,2% in the second quarter of this year. Image: iStock

The increase in gross domestic product (GDP) is good, but not great, economists say, after Statistics SA released the latest figures today. Statistics show that South Africa’s GDP increased by 1,2% in the second quarter of this year. ALSO READ: SA economy grew by 1,2% in second quarter Economist Mike Schüssler says while the number was good, it was not the best. “One thing to keep in mind is that South Africa’s gross domestic product (GDP) is still 1,7% below its highest level of December 2018. "In my mind, the bounce-back has been very strong, and with some tourism probably...