GDP bounces back in final quarter

Thu, 17 Mar 2022

The gross domestic product (GDP) bounced back in the final quarter of 2021, growing by 3% after a 3.7% decrease in the previous quarter as covid-19's delta variant outbreak weighed the economy down.Annual GDP growth for 2021 was 5.6%, the biggest annual increase since 1994.That was coming off a lower base after the lockdown disruptions saw the economy contract by 2.1% in 2021.The 3% growth figure was slightly below the expectations of most big bank economists who had pencilled in a 3.5-4% increase and above the Reserve Bank's 2.3% forec...

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