Gauteng Department of Economic Development Quarterly Economic Update 2021 Q1.pdf

Economic Development Members Department of Economic Development 2021/07/25 - 22:00


To stay the tide of Covid-19, governments across the globe embarked on numerous interventions to preserve lives whilst also inducing economic activity. The implications of these interventions have inevitably changed the landscape of the South African economy. The GDED Quarterly Economic Update, titled “Hope Amidst Fragmented Recovery” characterizes South Africa’s and particularly Gauteng’s experience almost a year after lockdown.

This bulletin provides a summary of economic developments at the end of the first financial year 2021/22 (April-March 2021).  The first section - The Global Economy Outlook,  highlights key developments in the global economy as these bear significance on the Gauteng City Region (GCR) economy.   This is followed by Fragmented Recovery | Economic Growth but No Jobs, which unpacks the latest Gross Domestic Product (GDP) and labour figures within the domestic economy; and elucidates the labour mismatch within the economy, particularly among marginalised groups such as women and youth. The envisioned future trajectory is summarised in the last section.

Economic Planning of the Gauteng Department of Economic Development (GDED) remains steadfast in providing information that is not only critical for decision making in the Gauteng province but that further strengthens evidence-based planning.

 

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Gauteng Department of Economic Development Quarterly Economic Update 2021 Q1.pdf

Published 2021/07/25 - 22:00

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