South Africa Economic Outlook: A jobless recovery and the need for upskilling
#economy
#economics and country risk
This document reports on PwC South Africa’s core macroeconomic forecasts for the country as of 20 September 2021, based on different forward-looking scenarios. In this edition, we look at South Africa’s loss of nearly 300,000 formal jobs during the first half of 2021 – and a new highest-in-the-world unemployment rate. Our analysis also considers the diminishing relationship between real GDP growth and employment creation.
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