S. Africa Unemployment at New High as Building, Trade Cut Jobs

Posted in: Intellidex in the media on June 8, 2021


Unemployment is unlikely to return to pre-crisis levels given we don’t see real per capita output returning to pre-crisis levels, says Peter Attard Montalto, head of capital markets research at Intellidex. To absorb the lost jobs, the economy would need to see trend growth well above 2.5% rather than the 1.7% we expect.

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