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SA’s desperately tough path post-coronavirus

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With South Africans still shell-shocked by the coronavirus-inspired lockdown, now only entering into its second week, a key question is what will be the long-term impact of the pandemic for an already fragile economy. Some of the world’s biggest and most resilient face unemployment levels reminiscent of 1930’s ‘Great Depression’; what will be South Africa’s fate?

The United States, the world’s biggest economy, is expected to reach unemployment levels as high as 32% by the middle of the year. This week, its jobless numbers soared to a new record high with 6.6 million Americans filing for unemployment claims, a week after 3.3 million claimed.
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