The announcement by President Cyril Ramaphosa that the country moves to an adjusted Level 2 lockdown is positive news for the economy, North-West University Business School economist Professor Raymond Parsons says. He says that, although the recent better-than expected second-quarter gross domestic product growth figures are widely anticipated to put the economy back on track to ‘rebound’ to a 4.5% to 5% growth rate this year, the economy is not yet out of the woods.
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