| OECD Economic Surveys: South Africa 2020 Contributor(s): Oecd (Author) |
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ISBN: 9264323198 ISBN-13: 9789264323193 Publisher: Org. for Economic Cooperation & Development OUR PRICE: $57.00 Product Type: Paperback - Other Formats Published: September 2020 * Not available - Not in print at this time * |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Political Science | Public Policy - Economic Policy |
| Physical Information: 0.41" H x 8.25" W x 11" (1.05 lbs) 152 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. SPECIAL FEATURE: SOCIAL PROTECTION AND TOURISM |
