Addressing the root of SA’s problems is only way out of debt trap
This year has been traumatic for the vast majority of people on the globe. The combination of the large number of deaths, deep recessions and widespread mental depression means 2020 will long be remembered as one of the worst years since World War 1. Unfortunately, the effects are likely to be long lasting.
The IMF recently estimated, for a range of countries, where their level of overall GDP output would be in 2024 relative to what they expected for that year before the onset of Covid-19. Though SA is forecast to have recovered to 2019 levels by then, it will still be 8.3% lower than the IMF previously projected for 2024. ..