1. Budget Speech - Global Economics
With the overarching priority of the South African focus remaining in job creation and growth acceleration, some new changes to the budget were announced with the aim to "reinforce macroeconomic stability... and provide a temporary cushion to the South African economy" (Manuel, 2009:10). ... In 2007 growth began to slow, and in 2008-2009 GDP growth reversed into full decline, with the economy shrinking by a total of 1.5% in 2009. ... The acceleration in spending after 2004 would in part reflect outlays on the 2012 FIFA world cup. ...
- Word Count: 2383
- Approx Pages: 10
- Grade Level: Undergraduate