economic cooperation and development among the various countries of south asia
Answers
Answer:
South Africa is a priority country of SECO's economic cooperation and development. ... Despite of continuing large disparities, South Africa has enjoyed largely positive and diversified economic growth since the end of apartheid in 1994. However, not enough of the much needed jobs were created.
The South African economy grew by 1.3% in 2017 and 0.8% in 2018. The World Bank projects 2019 growth at 1.3%, accelerating further to 1.7% in 2020. Given population growth, gross domestic product (GDP) per capita growth has been close to nil since 2014, leaving little room to reduce poverty.
Answer:Amid the global economic fallout triggered by the COVID-19 pandemic, South Asia will likely experience its worst economic performance in the last 40 years, with temporary contractions in all eight countries.
As COVID-19 spreads across the region, South Asia’s economic outlook is dire.
The region will likely experience its worst economic performance in the last 40 years, with temporary contractions in all eight countries.
According to the latest Global Economic Prospects, GDP in the region is projected to contract by 2.7 percent in 2020 as pandemic mitigation measures hinder consumption and services activity and uncertainty about the course of the pandemic chills private investment.
In India, growth is estimated to have slowed to 4.2 percent in FY 2019/20, which ended in March 2020. Output is projected to contract by 3.2 percent in FY 2020/21, when the impact of the pandemic will largely hit. Pakistan (-2.6 percent in FY 2019/20) and Afghanistan (-5.5 percent) are both projected to experience contractions, as mitigation measures are anticipated to weigh heavily on activity. Growth in Bangladesh (1.6 percent in FY 2019/20) and Nepal (1.8 percent in FY 2019/20) is expected to decelerate markedly due to pandemic-related disruptions including mitigation measures and sharp falls in exports and remittance inflows.
PLEASE MARK AS BRAINLIEST