What is the purpose of the reopening of many industries in South Africa?

Before the new crown pneumonia raged, now, it is clear that the resumption of development in many industries in South Africa is for the sake of resuming developmentRestore the economy

The best way to prevent the epidemic is to isolate, but quarantine will inevitably lead to the economic decline of the country. According to the independent media of South Africa, June 30,Statistics South Africa's economy contracted by 2% in the first quarter of 2020, sending the South African economy further into recession, according to Statistics South Africa. The Ministry of Finance expects South Africa's GDP to shrink by 2020.

In the face of this situation, it can only be said that the economy of the industry has to be restored. <>

On the other hand,According to statistics, the unemployment rate in South Africa was as high as in the first quarter of 2020Statistics show that as of early June, 6.5 million people in South Africa had applied for unemployment benefits,** providing short-term support of R15.8 billion to those temporarily unemployed due to the pandemic. Compared to South Africa, which has a total population of about 58.8 million (at the end of 2019), 11% of people have applied for career assistance, which puts a lot of financial pressure on the **

According to the "Global Economic and Financial Outlook Report for the Third Quarter of 2020" released on June 30, "under the influence of factors such as the global economic recession and the decline in external demand, emerging markets are facing multiple pressures such as capital outflows, currency depreciation, and increased external debt burdens." "As of the end of May 2020,The currency of South Africa is depreciatingIntuitively, the current yuan can only have the purchasing power of the previous 5 yuanFor South Africa, which has external debt, it is the debt that has become multiplied, which is not a small pressure on the country. The decline in purchasing power in countries with depreciating currencies has inhibited economic development, and it is possible to change this situation by adopting loose fiscal policies, and the resumption of industrial opening is a good solution.

In the face of the epidemic environment,The reduction in the export surplus does not bode well for economic growth. Therefore, for South Africa now, only by resuming the development of the industry can we effectively promote economic development.

This is to restore domestic production and development, because many industries in South Africa have been affected by the pandemic, and the purpose of this is to restore many industries in the country and resume production.

There are very few countries that can support long-term industry closures, especially in some underdeveloped countries, and South Africa is one such country. Once the industry is not open for a long time, it will be difficult for the country to move an inch. As a result, South Africa can only allow the industry to reopen.

I think this is the first rush to restore the economy, to quickly resume production, so that people's lives can be stabilized.

Many industries in South Africa have reopened, mainly because of their improvements. The neighborhood is relatively safe, so such an approach has represented the global recovery.