{"id":109577,"date":"2016-01-20T16:17:02","date_gmt":"2016-01-20T14:17:02","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=109577"},"modified":"2016-01-20T16:17:02","modified_gmt":"2016-01-20T14:17:02","slug":"this-map-shows-south-africas-projected-economic-growth-to-2024","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/109577\/this-map-shows-south-africas-projected-economic-growth-to-2024\/","title":{"rendered":"This map shows South Africa’s projected economic growth to 2024"},"content":{"rendered":"

Cost-estimation site, HowMuch.net has drawn up map with countries scaled to show how each one\u2019s predicted growth rate through 2024 compares to the rest of the world.<\/p>\n

The projections are based on a study of “economic complexity” run by the Center for International Development at Harvard University.<\/p>\n

The study captures the diversity and sophistication of productive capabilities embedded in a country\u2019s exports, to generate the growth projections.<\/p>\n

Leading researcher, Ricardo Hausmann, said that gains in economic complexity have historically translated into higher incomes and growth.<\/p>\n

\"World

World Map of Economic Growth (click to enlarge)<\/p><\/div>\n

The research shows that India is expected to see the biggest growth to 2024, averaging 7% annually, followed by a number of African nations – Uganda, Kenya, Tanzania, Egypt and Madagascar – all close to 6%.<\/p>\n

The projected data for South Africa is slightly less optimistic at 3.7% average per year to 2024<\/strong>, however, it is a vast improvement on current and expected growth trends –\u00a0 just 0.9% in 2016.<\/p>\n

Growth is expected to be only 1.8% in 2017, according to the International Monetary Fund.<\/p>\n

The full list of projections can be found here<\/a>.<\/p>\n

More on the economy<\/h3>\n

How to fix South Africa\u2019s economy: fire Zuma<\/a><\/strong><\/p>\n

What South Africans think about the economy<\/a><\/strong><\/p>\n

Racism is due to weak SA economy: IRR<\/a><\/strong><\/p>\n

South Africa\u2019s economy could sink to number three in Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Cost-estimation site, HowMuch.net has drawn up map with countries scaled to show how each one\u2019s predicted growth rate through 2024 compares to the rest of the world.<\/p>\n","protected":false},"author":10,"featured_media":50600,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1740,26,853],"class_list":["post-109577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-economy","tag-headline","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/109577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=109577"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/109577\/revisions"}],"predecessor-version":[{"id":109599,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/109577\/revisions\/109599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/50600"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=109577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=109577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=109577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}