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Experts agree that 3% is South Africa's magic number...


We’ve heard a lot about the immense challenges South Africa faces on the economic front. But what is it going to take to start making inroads into these? It appears that there’s agreement on a few varied fronts that the answer is 3% real economic growth. Not “now you see it, now you don’t” growth, but a sustained 3%-plus growth rate until the foundations of a revitalised and healthy economy have been laid.
This week different sources of analysis all came together to settle on this magic number, particularly when it comes to what is needed to address two of South Africa’s greatest downside risks: a government debt default and sky-high unemployment.  ....

South Africa , Sergi Lanau , Nishan Maharaj , International Institute Of Finance , Sa Reserve Bank , International Institute , Chief Economist Sergi , World Economic Outlook , செர்கி லானௌு , நிஷன் மகாராஜ் , சர்வதேச நிறுவனம் ஆஃப் நிதி , ச இருப்பு வங்கி , சர்வதேச நிறுவனம் , தலைமை பொருளாதார நிபுணர் செர்கி , உலகம் பொருளாதார ஔட்‌லுக் ,