Budget 2011/2012 - Great Intentions but Bumpy Road Ahead.


Budget 2011/2012 - Great Intentions but Bumpy Road Ahead.    |   File Size: 537.22 kB Downloads: 3679   |   Post Date: 13 June 2011

Globalization has deepened interdependence between and across nations. The austerity measures and economic stimulus policies adopted by the developed countries to counter the effects of the 2008 financial crisis have sustained global

economic recovery efforts, resulting in an impressive global growth rate of 4.6% in 2010 compared to 1.0% in 2009. The Sub Saharan Africa (SSA) countries growth of 5.0% in 2010 compared to 2.8% in 2008 benefited in part from the global
economic recovery, favourable economic climate and increased commodity demand from emerging economies of Brazil,Russia, India and China (BRICs).

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