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GROWTH OUTLOOK

World economic growth outlook patterns show high growth in Africa, China and India.
Figure 36 below shows projected growth across countries.

Figure 36 GDP, Real Year-on-year Change 2016 - 2017

Source: IHS PROVINCIAL OUTLOOK NATIONAL OUTLOOK GLOBAL OUTLOOK GAP HOUSING INVESTOR NARRATIVE SPOT THE OPPORTUNITY PORTFOLIO INSIGHTS KHULISA NEWSLETTER ELECTRIC VEHICLES ENERGY SECURITY LOOKING AT GDP

The global growth outlook continues to be influenced by three key transitions.
These include:
• the slowing down and rebalancing of the Chinese economy (although it continues
to outperform many other developing countries);
• lower prices for commodities; and
• a gradual tightening of monetary policy in the United States as several other
advanced economy central banks continue to ease monetary policy.
7
Another critical transition whose effects are yet to manifest themselves, is the decision
by Britain to exit the European Union (EU).

Table 9 presents growth projections and the outlook for selected advanced, emerging
and developing economies.

7 International Monetary Fund, Subdued Demand, Diminished Prospects, World Economic Outlook Update
January 2016

QUARTERLY ECONOMIC BULLETIN 2016 75