Convergence in SADC

Economists refer to ‘macroeconomic convergence’ as the process whereby economic indicators such as growth and inflation for developing countries gradually align over time with those of more developed economies. This post provides a summary of developments in various economic indicators for Southern African Community Development Community (SADC) members since 2000, as well as IMF projections for the next 5 years. In the case of growth, for example,  the majority of SADC countries have been growing at a faster rate than South Africa and are expected to continue to do so until 2028.

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