South African economy contracts 51% q/q in Q2
GDP shrank 17.1 percent year on year in the three months to the end of June, reflecting the impact of the country's tough lockdown to contain the coronavirus
South Africa's gross domestic product (GDP) contracted by 51.0 percent quarter on quarter in the second quarter of 2020, the fourth contraction in a row, data from the statistics agency showed on Tuesday.
GDP shrank 17.1 percent year on year in the three months to the end of June, reflecting the impact of the country's tough lockdown to contain the coronavirus.