A recovery plan lacking in method and vision
The SA Economic Reconstruction and Recovery Plan fails to explain what its objectives are and how it will achieve anything
14 October 2020 - 15:32
As a result of the Covid crisis SA’s GDP shrunk 17.2% year on year in the second quarter, and 2.2-million people lost their jobs.
Though all signs point to an economic rebound in the second half of 2020, it will be only partial. The latest Google mobility data show that by the first week of October, well into lockdown level one, the number of people in offices was still 25% below the pre-coronavirus level of early March. And the number of people moving through transit stations such as taxi ranks was still 32% down...
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