Economy looking up, but we’re not out of woods yet
Dec 12, 2020
3 minutes
MARTIN HESSE | martin.hesse@inl.co.za
STATS SA has just released its November inflation and third-quarter gross domestic product (GDP) figures, and we are fast reaching the end of 2020. Here’s an update, with input from two prominent economists, on the state of the economy and prospects for 2021 and beyond.
Consumer Price Index inflation is down very slightly, from 3.3% year-on-year in October to 3.2% in November. The main category contributing to the 3.2% rise in prices overall was food and
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