South Africa 2022

OECD economic surveys 2022/11

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Organisation for Economic Co-operation and Development

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OECD

The COVID-19 crisis has weakened an already fragile economy. South Africa's growth underperformed during the past decade: GDP per capita was already lower in 2019 than in 2008. Unemployment remains high, at around 35%, and youth unemployment even exceeds 50%. In the meantime, spending pressures are mounting to close the financing gap in health, infrastructure and higher education. To finance those needs while putting public finances on a more sustainable path, which is key to restore confidence, spending efficiency should improve and be accompanied with increased government tax revenues. In addition, the tax system could contribute further to reducing income and wealth inequalities. In the longer term, reviving productivity growth is key to lift living standards. Boosting productivity involves improving transport (road, port and rail) infrastructure, providing more stable electricity generation, fostering the quality of telecommunication networks, broadening access to higher education, as well as improving the business environment more generally

Extent	148p.	ISBN	9789264754935
Size	N/A	Price	£40.00
Format	Paperback	Published	25 Aug 2022
Availability	Out of stock - available to order	Delivery	Delivery options and charges