SOUTH AFRICA'S ECONOMY UNDER THE INFLUENCE OF GLOBAL ECONOMIC TRENDS
DOI:
https://doi.org/10.25806/fm2-2202381-90Keywords:
South Africa, GDP, energy, trade, digitalizationAbstract
The article reveals the main trends in the economic development of the country, which is a member of the BRICS association, in the post-pandemic period. Particular attention is paid to the potential effect of South Africa's participation in regional trade agreements (Agreement on the African Continental Free Trade Area, ACFTA- African Continental free trade area, ACFTA). It is obvious that the actual functioning of this zone would have a positive impact on the economic development of its member countries. It seems that deeper integration of African economies into the world economy is vital both for their survival during the pandemic and for the final recovery and growth. In addition, the digitalization of the economy, accelerated by the pandemic, is becoming a factor in the country's rapid overcoming of economic shocks associated with the coronavirus.
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