JOHANNESBURG - According to a statement released by the Federation of Unions of South Africa (FEDUSA), the Gross Domestic Product (GDP) growth was welcomed, however, it also stated that it was not enough to create jobs.
FEDUSA welcomed the GDP's 2, 5% growth in the second quarter of 2017 from -0.7% in the first quarter. This was according to the figures released by Statistics South Africa (StatsSA).
FEDUSA General Secretary, Dennis George, said “The 2, 5% growth is encouraging and will assist us to come out of recession. However this level of growth is still below the 5,4% target that has been set down by the NDP for the period 2011- 2030 in order to create 11 million much needed jobs for our young people”.
George said FEDUSA remains concerned that the level of growth that has been recorded for the second quarter of this year was still far below targets that have been set down by the National Development Plan (NDP).
- BUSINESS REPORT ONLINE