Download or read book OECD Economic Surveys: South Africa 2022 written by OECD and published by OECD Publishing. This book was released on 2022-08-25 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 crisis has weakened an already fragile economy. South Africa’s growth underperformed during the past decade: GDP per capita was already lower in 2019 than in 2008. Unemployment remains high, at around 35%, and youth unemployment even exceeds 50%. In the meantime, spending pressures are mounting to close the financing gap in health, infrastructure and higher education.