Mbalo Brief – June 2022

Since our last issue of Mbalo Brief, Stats SA has painted a clear picture of the state of our economy in two of its statistical releases namely Gross domestic product (GDP) and the Quarterly labour force survey (QLFS). The gross domestic product for the first quarter of 2022 grew by 1,9%, representing a second consecutive increase following the 1,4% increase in the fourth quarter of 2022. Moreover, this growth means the economy is now at pre-pandemic levels with real GDP (a measure of a country’s gross domestic product that has been adjusted for inflation) slightly higher than what it was before the COVID-19 pandemic.

Download Mbalo Brief June 2022