The South African economy exhibited weak quarter-on-quarter real GDP growth earlier this year and faces high and rising unemployment, weak domestic demand, and falling market prices on key export commodities.
Accelerated growth is on the horizon for South Africa, however, according to consensus forecasts of multiple major international agencies, even if at a slower rate than other large sub-saharan African economies. African countries collectively are expected to be the most rapidly growing economies worldwide during the next five years.
It will be interesting to monitor South Africa's official growth statistics through the end of the year. During the period 2012-2014, the South African economy followed this same growth pattern, but expectations of the major international agencies were too high, based on analysis from Knoema's Forecast Tracking Tool. The World Bank, IMF and OECD consistently overestimated South Africa's real GDP growth by 0.6 to 2.0 percentage points since 2011.
This October will see the 6th Powering Africa: Nigeria investors summit take place in Abuja, where your commercial objectives are put at the heart of the agenda. We will also analyse the progress Nigeria’s power sector has achieved in the last 12 months. We warmly invite you to join us in October and would like you to let us know how your business has developed in the last year. We will be delighted for you to share your story with other participants too. Date of Event: 4-6 October 2017 Location: Abuja, Nigeria
For additional information on elections please visit each country's respective electoral commission web site: Nigeria - The Independent National Electoral Commission (INEC)
In a perfect world, where access to technology and the wealth are equally distributed, the GDP of each country would be proportional to its population. In the real world that relationship exists on average (see the dot charts below) but with significant deviations from the trend on a GDP per capita basis. Many developed countries, being relatively less populous than their developing counterparts, have high levels of GDP, while the GDPs of less-developed countries, especially in Africa, are disproportionally low.According to the UN DESA baseline scenario, by 2100 Africa will become the world's most populous regions, accounting for 40...