SA economy slowly recovering from recession
By Lelethu Mquqo
31 May 2011
The Financial and Fiscal Commission has projected South Africa’s economy to grow between 3.5% and 3.8% this year.
This is an up from -7.1% and 2.8% respectively in the last two years.
The Commission says the growth shows the economy is mending from the recession.
But it added that despite the positive picture, a lot still needs to be done as unemployment, poverty, inequality and low growth continues.
The Commission tabled its recommendations for the next two years before Parliament.
31 May 2011
The Financial and Fiscal Commission has projected South Africa’s economy to grow between 3.5% and 3.8% this year.
This is an up from -7.1% and 2.8% respectively in the last two years.
The Commission says the growth shows the economy is mending from the recession.
But it added that despite the positive picture, a lot still needs to be done as unemployment, poverty, inequality and low growth continues.
The Commission tabled its recommendations for the next two years before Parliament.
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