The target that is laid down in Vision 2036 is that growth should reach 5.7 percent to achieve high-income status. The IMF projects growth to settle at 4 percent, similar to the government’s projections in the Transitional National Development Plan (TNDP).
“Obviously that growth is not enough to reach high-income status,” said Jefferis. “Growth is determined by a combination of three factors.”
One, he said, is population (labour force) growth in that the more workers you have the more output. Other factors are capital investment and productivity growth.
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