Steadily falling investment and policy uncertainty is weighing SA down, OECD says
The Organisation for Economic Co-operation and Development (OECD) projects SA’s growth this year to rebound "timidly" to 0.6%, as investment and exports recover moderately with the improving international economy. The OECD notes in its 2017 Economic Survey of SA that low growth and high unemployment are weighing down social progress in the country and "bold structural reforms" are needed to unlock the economy. Growth has been disappointing over the last few years, with weak consumer demand, persistently falling business investment, policy uncertainty and the prolonged drought dragging down activity. And this low growth is set to continue. "Reviving economic growth is crucial to increase well-being, job creation and inclusivity. As there is limited room for monetary and fiscal stimulus, bold structural reforms, supported by social partners, are needed to unlock the economy," the survey stressed. Reforms were needed to increase access to network sectors and services, and to improve th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.