Does this level of unemployment not require all of us to reconsider the role and responsibility of the state in filling the gaps in services to all citizens that the private sector is not adequately meeting? Conclusion South Africa and the world face difficult challenges in reviving economic growth and creating jobs.
But whilst our actions are necessary for economic recovery, they will be efficient only if national governments act in parallel. So the ECB is ready to pursue US-style quantitative easing, that is, repurchasing government bonds? The Governing Council will meet on 22 January.