"In the next five years, world GDP will grow by 55 trillion U.S. dollars, 70 percent of which will come from the Global South," said UN Trade and Development Secretary-General Rebeca Grynspan at the G20 Summit, noting that this equals the size of the global economy two decades ago whe...
“If there is any part of the globe with the potential for record growth over the next few years, it’s Africa,”South African President Jacob Zumasaid recently. If visions of an Asian-style growth miracle on the African continent were previously dismissed as the product of national leaders’...
However, foreign aid, gross national savings and investment have negative relationships to both Gross Domestic Product (GDP) growth and GDP. Using South Africa as benchmark, the regional performance indicates that North Africa is the best one in generating positive GDP growth from Foreign Direct ...
In South Africa, we expect inflation to be around 4.3%, marginally below the midpoint of the SA Reserve Bank’s target. As ever, the link between these assumptions and asset performance is somewhat tenuous as markets appear to have already baked such views into prices. Rather, markets are ...
From forecasts of property market oversupply with an expected 'wave of distressed properties', the property market will continue to play an important role in boosting the economy - with few realising the extent to which real estate activity contributes to theSouth AfricanGDP. ...
Household consumption is likely to contribute 4-4.5ppt to this year’s GDP growth, up from 1ppt in 2022.But how are these divergent economic trends in the US and China likely to impact the rest of the world?Weaker US demand hurts everyone, as the US is still the world’s most ...
Poverty is a state or condition in which a person or community lacks the financial resources and other essentials beyond income for a minimum standard of living.
The average age of the African population is 19.4 years, well below the world average of 30.6 years. The spending power unleashed by so many young people is in need of goods or services to satisfy it. According to IMF, The real GDP growth rate of Africa in 2020 is about 4.9 percent...
From 2012 to 2023, China's GDP surged from 7.5 trillion U.S. dollars to 17.6 trillion dollars, with its share of global GDP increasing from 12.3 percent to about 18 percent. Xia, who frequently interacts with African and Southeast Asian scholars, noted that countries from the Global South ...
Some use different criteria, such as whether a country was previously colonized or whether a nation’s per-capita GDP is above $15,000. There is also a Global North, though the term is not regularly used. That is defined basically as not the Global South. Should we use the term Global...