Business Tech World

GDP shows growth in Q4 2021, but not yet fully recovered from Covid

Gross domestic product (GDP) rose in the fourth quarter of 2021, but is lagging compared to pre-pandemic levels. GDP grew by 1.2% from October to December1, bringing the annual growth rate for 2021 to 4.9%. However, according to Statistics SA, real GDP did not recover to last year’s second quarter levels before civil unrest and tighter lockdown restrictions negatively impacted the economy in the third quarter. In addition, GDP is lagging behind economic activity at the same level as in the third quarter of 2017, with an economy at 1.8%…

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