The economic recovery strategy published in July by Business For SA (B4SA), aimed at achieving high levels of inclusive economic growth to recover from the Covid-19 crisis and the economic crisis that preceded it, must form the basis for any recovery plan.
SA’s pre-Covid economy was marked by declining international competitiveness, a collapse in business and investor confidence, low levels of economic growth, rising unemployment and accelerating poverty. The pandemic has pushed SA deeper into trouble, with at least another 1-million formal-sector jobs lost, an 8% decline in GDP likely in 2020, and burgeoning public debt that is likely to exceed 100% of GDP in a couple of years...
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