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Zama Ndlovu | The myth of SA spending its way out of a crisis

Zama Ndlovu

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Zama Ndlovu

Zama Ndlovu

A pro-spending argument that does not recognise that we have spent more and more and have moved from debt levels of just 26% of GDP in 2008 to 75% in 2020 without seeing the fabled multiplier in action starts to sound ridiculously disconnected. How do we claim austerity when we have borrowed and spent so much in a decade? asks Zama Ndlovu.

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