Second quarter GDP plunges by 51%

[Nom Chompsky]

SA's second quarter GDP plunges as coronavirus takes its toll | Business

The record decline means that South Africa's economy has now contracted for four successive quarters.

www.news24.com

 

[PhireSide]

 

[Leno]

Annualised 51% or actually 51% this quarter?

 

[Scooby_Doo]

Annualised, so 10.25% for the year.

 

[Former member 61586]

In sy moer en welgedaan.

 

[Mortymoose]

We need to change more street names........

 

[TelkomUseless]

is CR shocked ? lol


@Mortymoose .. you forget to add more apartheid museums too. That will FIX everything.

 

[Vrotappel]

Everybody's favorite economist Dawie Roodt called it.

 

[borro]

We need to change more street names........

Don't be absurd. We need to burn stuff.

 

[R13...]

Only agriculture grew

 

[Nom Chompsky]

 

[Sarg3_ZN]

Only agriculture grew

Pun intended?

 

[Mystic Twilight]

Only agriculture grew

Everyone has to eat.

If you apply 1 + 1 = 11 logic, then this chart shows that land distribution will improve everybody's wealth.

 

[rietrot]

The artificial nature of the lockdown makes it difficult to read anything into this.

Can a government stop an economy and restart it a few months later. I don't think so but we'll know for sure next quarter.

 

[rietrot]

What does this actually mean?
On a level of normal to complete societal collapse and zombie apocalypse were are we? Halfway?

 

[Herr der Verboten]

View attachment 907804

SA's second quarter GDP plunges as coronavirus takes its toll | Business

The record decline means that South Africa's economy has now contracted for four successive quarters.

www.news24.com

Deconlization hard at work
Dedoek wins

 

[NarrowBandFtw]

Viva ANC!

#FkknJanVanRiebeeck

 

[Itsa Trap]

View attachment 907836

Is China on there? Not seeing it.

 

[Tman*]

But at least we all survived this highly recoverable disease

 

[Scooby_Doo]

Is China on there? Not seeing it.

I wouldn't trust China's numbers for either GDP drop, if they had reported, or their reported Covid infections.