Feeling poorer? SA is stuck in the longest downward business cycle in 73 years

We’ve had 10 years of poor governance… We can’t expect a decent recovery for quite a long while… We haven’t even slowed down to a stop before we can turn around… There’s been an absolute breakdown in so many areas…

Ian Cruikshanks, Institute of Race Relations

There are very few people alive today in South Africa that has experienced a longer-lasting downward business cycle than the one we’re stuck in right now.

According to a report by the Centre for Risk Analysis (CRA) at the Institute of Race Relations (IRR), this current downward cycle is the longest since 1945.

What’s more worrying; the world – both developed and developing - is currently experiencing an economic boom.

The Money Show’s Bruce Whitfield interviewed Ian Cruikshanks, Chief Economist at the IRR.

Listen to the interview in the audio below.

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