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Increasing infrastructure investment would boost South Africa’s potential growth, OECD survey …

July 31, 2020

Higher levels of infrastructure investment are needed to increase South Africa’s potential growth, the Organisation for Economic Cooperation and Development’s (OECD’s) latest survey of South Africa asserts. Released on July 31, the report warns that the South African economy could contract by as much as 8.2% in 2020 and that both domestic risks, such as ongoing electricity load-shedding, and external risks, such as new Covid-19 outbreaks that affect South Africa and its trading partners, could weigh on the country’s economic prospects.

Link to Engineeringnews.co.za

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