The Implications Of The Second Quarter 2020 Gross Domestic Product Data
Dr Simkins highlights that the StatsSA announcement on 8 September of a 51% fall in GDP is misleading in the light of a sharp, temporary shock to the economy as a result of the COVID-19 epidemic. The Brief discusses information from the GDP data about the distribution of the burden of the shock. Further analysis of the distribution will become possible when the Quarterly Employment Statistics and the Quarterly Labour Force Survey are published in late October.