Statistics South Africa (Stats SA) on August 25 reported a revised estimate of gross domestic product (GDP) in 2020 of R5.52-trillion, which is an 11% increase on the previous estimate of R4.97-trillion, using 2015 as the base year, instead of 2010 that was used over the last decade. The State-owned information organization therefore revised upward the annual growth rate for 2020 to -6.4%, from -7% previously.
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