PRETORIA, South Africa (AP) — An international economic body is urging South Africa to use the success of hosting the World Cup to revitalize economic growth.
In its first economic survey of South Africa, the Organization for Economic Cooperation and Development on Monday urged the country to implement labor and market reforms.
The OECD also warned South Africa to do away with highly restrictive economic regulations that retard the country’s economic growth.
The month-long World Cup tournament helped boost the South Africa’s gross domestic product over the past four years and spawned huge transportation improvements. It also created jobs but many were temporary and low-paid.
