Old isolationist biases undermine SA’s future, OECD study shows
Economy is expected to contract the most in 2020 of all countries studied and grow the least in 2021
Sustained high growth requires we open our minds and our borders. We’ve been publicly acknowledging the grip of patronage on the government for about five years. We must now confront how long-standing isolationist biases undermine the nation’s future.
SA stands out in the Organisation for Economic Co-operation and Development’s (OECD’s) recently released assessment of global prospects as, of the many countries analysed, our economy is expected to contract the most this year and grow the least next year. The OECD’s insights highlight how Eskom and inadequate domestic demand unite to undermine our already unsustainable sovereign and household debt trajectories. ..
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