This brings us to the second factor which would meaningfully enhance South Africa’s growth potential, namely the forceful implementation of the R1 trillion infrastructure expenditure programme of government. Through multiplier effects, and in terms of job creation, especially with regard to the promotion of low-skilled jobs, economic growth can be materially enhanced.
While difficult to classify precisely, about half of the total support in the euro area over the 2022-23 period is assessed as affecting prices directly, via lower marginal costs of energy consumption, with income measures making up the remainder.