Economies grow over time when more people are employed or there is an increase in the number of machines, factories and supporting infrastructure used by workers.
It is now four years since the depths of the global credit crunch. The rot may have been checked but world prosperity seems to still be a long way off.
Thanks to our strong banking sector, South Africa’s financial system was largely unaffected by the 2008 global financial crisis. Yet the crisis severely battered our economic growth performance and employment levels.