Reserve Bank Governor Lesetja Kganyago has shared a breakdown of the latest GDP results giving his view on the latest growth rate.
On Tuesday, Statistics SA announced that the economy grew by 3.1% in the second quarter of the year after a sharp decline was recorded in the first few months of the year.
Kganyago has given a rather upbeat view.
It is just one quarter, we have got to see what happens in subsequent quarters.— Lesetja Kganyago, Reserve Bank Governor
If the economy grows by 0%, in each one of the remaining two quarters of the year, this economy will still register growth of 0.3% for the year.— Lesetja Kganyago, Reserve Bank Governor
Our own baseline as the central bank is not for growth of 0 in the next quarters.— Lesetja Kganyago, Reserve Bank Governor
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