Unemployment level raises red flag about weak growth performance
The 1% rise in the unemployment level in the first quarter of 2025 raises another red flag about South Africa’s weak growth performance.
Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says with the gross domestic product (GDP) growth forecasts for 2025 having been progressively reduced by various institutions and economists to about 1,5% and below, it is not unexpected that this should now be reflected in higher unemployment levels.