Instead of tracking what economic growth SA is getting, we should be asking a different question: What kind of growth does SA need?
Much ink has been spilt in the analysis of Finance Minister Tito Mboweni’s recent supplementary Budget, in particular to the revised GDP growth estimate of -7.2% in 2020 (which seems too optimistic against private-sector forecasts of closer to -11%) and the explosion in government debt to 81.8% of GDP in the current year. It is likely that the importance of the denominator in the latter calculation explains the optimism of the former.
But there is a […]
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