Minister David Maynier tables PERO and MERO. We can, and we will, bounce back in the Western Cape 20 20 October 2020
Today, Western Cape Minister of Finance and Economic Opportunities, David Maynier, tabled the Western Cape Provincial Economic Review and Outlook 2020 (PERO) and the Municipal Economic Review and Outlook 2020 (MERO) in the provincial parliament in the Western Cape.
The PERO and the MERO are world-class annual research publications produced by Provincial Treasury, aimed at informing policy-makers, departments and municipalities on key economic trends and developments in the Western Cape.
What the PERO and MERO tells us is that the Covid-19 pandemic has caused a major setback to the economy in the Western Cape.
The PERO and MERO forecast a slow recovery in economic growth in the Western Cape, but also that the provincial economy will grow at a faster rate than the national economy in South Africa.