ISAAH MHLANGA: Index counts the cost of SA’s wasted decade
The country is worse than average on measures of wellbeing and basic human needs
10 September 2020 - 17:14
One of the most glaring consequences of the deep recession that has engulfed SA is that the economy has regressed to the 2007 real GDP level.
To get further perspective, I go back to 2007 and look at GDP per capita — the average GDP each citizen in a country produces, ignoring that some are below working age while others are too old to work — and compare SA with 22 countries that had roughly the same GDP per capita of between $10,000 and $13,000 (at purchasing power parity)...
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