Editorial staff
Reporter
2 minute read
14 May 2022
5:15 am

Economy report paints a bleak picture of SA’s future

Editorial staff

According to this year’s socio-economic survey of CRA if the government does not address a number of failures, the slide will continue.

Image: iStock

It’s no secret the SA economy is limping along and the forecast is not looking promising. Limping is probably too kind a word to describe the state of our economy. Covid has cut a swathe through our economy, unemployment is at a record high and the man in the street is struggling to make ends meet. The forecast of real GDP growth is set to remain below 2% next year and in 2024, which will clearly not address the country’s growing socio-economic needs. ALSO READ: SA’s ‘two great failures’ contributed to the downward spiralling of the economy According to this...