Jobless Growth  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 395 no. 8685 (Jun. 2010), page 7.
Topik: Unemployment
Fulltext: Jobless growth.pdf (411.17KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.60 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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WHEN the ANC took over in 1994, it inherited an economy that was virtually bankrupt, following decades of mismanagement, international sanctions and violent protests. Since then exports have doubled in real terms to reach $91 billion in 2008, accounting for 33% of GDP; output per person has risen by more than a quarter, having fallen throughout the previous two decades; public debt has halved, to 23% of GDP in 2008; inflation, in double digits throughout the 1980s, has shrunk to 5.1%, well within the government’s target range of 36% ; and interest rates charged on bank loans are at their lowest level in nearly three decades. The economy as a whole, which had been growing by less than 1% a year in the decade up to 1994, expanded by nearly 5% a year in the five years to 2008 (see chart 2).

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