The hard activity data from South Africa released this week confirm that the country suffered one of the largest falls in output in Q2 anywhere in the world, at around 22% q/q (63% q/q on an annualised basis). Even though activity has rebounded since April, output remains well below pre-virus levels and there are worrying signs that the recovery stalled in recent weeks.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services