JOHANNESBURG – Statistician-general Pali Lehohla to release gross domestic product estimates for the second quarter of 2016.
Local economists are predicting that South Africa will avoid a technical recession.
A technical recession is recorded when a country registers negative economic growth over two consecutive quarters.
READ: SA can create 3,4 million jobs and add trillion to GDP by 2030: McKinsey
Retail sales, as well as financial and business services held up relatively well in the second quarter.
These are some of the factors pointing to better economic growth in the three months to June.
South Africa recorded a 1.2 percent decline in the first quarter of the year.
The Reserve Bank predicts that the local economy will not grow at all this year, signaling tough times ahead.
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