South Africa 2020

OECD economic surveys 2020/2

Corporate Author:
Organisation for Economic Co-operation and Development

The COVID-19 outbreak is worsening an already fragile economic outlook. Since 2013, growth has been modest and unemployment has been rising. Policy uncertainty has been the main driver of low confidence and subdued investment. Following a sharp fiscal deterioration in recent years, the crisis also heightened debt sustainability challenges. Curbing the public sector wage bill, restructuring SOEs and containing spending growth in higher education are urgently needed to improve spending efficiency and restore fiscal sustainability. Supporting the economic recovery in the short-run while accelerating structural reforms to increase potential growth is key. In the medium term, developing tourism, boosting transport infrastructure investments, promoting renewable energies and strengthening the social protection system can contribute to more sustainable and inclusive growth

Extent 149p. ISBN 9789264323193
Size N/A Price £45.00
Format Paperback Published 31 Jul 2020
Availability Out of stock - available to order Delivery Delivery options and charges

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