Impact of COVID-19 on projected real GDP growth in South Africa 2019-2022
Following a worldwide trend, the coronavirus (COVID-19) pandemic is envisioned to affect negatively the economy in South Africa. As of December 2020, the GDP growth for 2019 was 0.2 percent. However, it is estimated that in 2020 the growth of real GDP will be revised at minus 8.2 percent. Furthermore, the economy was expected to pick up in 2021 and 2022, with the real GDP projected to grow by 3 percent and 1.6 percent, respectively.
In regard to South African cumulative coronavirus cases, the country is the most hit in the continent, with more than 1.55 million cases as of April 2020.
In regard to South African cumulative coronavirus cases, the country is the most hit in the continent, with more than 1.55 million cases as of April 2020.
