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Solutions to South Africa's Lack of Growth are Out There

South Africa’s Reserve Bank Governor Lesetja Kganyago has forecast zero percent growth for 2016, 1.5% in 2017 and 1.7% in 2018. This spells disaster for the country, particularly the unemployed. The jobless rate is expected to rise from its current level of nearly 27%. What must be done to improve the economy? Sibonelo Radebe, The Conversation Africa’s business and economy editor, asked Lumkile Mondi to share his thoughts.

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Thailand not Quite Prepared for the King's Passing

After some months of uncertainty, a representative from Thailand’s Democrats Party last week declared in a televised seminar that the party would not support the proposed draft constitution in the 7 August referendum. This follows an earlier declaration from the pro-Thaksin Puea Thai party that it also opposed the draft.

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India's Rexit - RBI Governor Rajan Leaves

June suffered from an excess of exits. However, none of them lived up to forecasts of dire consequences, at least for India. For now, Indian markets have shrugged off both Brexit and Rexit — the exit of Governor Raghuram Rajan from the Reserve Bank of India (RBI). In addition, the forward-looking nature of markets implies they do not foresee problems due to these exits.

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Emerging Markets Wait for FOMC Meeting

EM ended the week on a soft note, as the dollar reasserted broad-based strength against most currencies. The FOMC meeting this week could see the Fed push back against the market’s dovish take on policy, in which case EM would be likely to remain under pressure.

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An Emerging Markets Status Update

The New York Times reported that the US is preparing to seize $1 bln in assets tied to 1MDB, S&P downgraded Turkey a notch to BB with a negative outlook, citing political uncertainty, Turkish President Erdogan declared a three-month state of emergency, The Nigerian Naira weakened above 300 per dollar for the first time, and Brazil’s central bank signaled a longer wait until it cuts rates

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Taking Steps Toward Inclusive Growth in Asia

Asia’s successful economic performance has lifted millions out of poverty. Because the region’s high population countries such as China, India and Indonesia grew particularly fast, poverty declined substantially for the region as a whole. Nineteen out of 33 economies more than halved their extreme poverty rate in the same period.

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The EU Poverty Bar is Moving Higher

Brexit caps off a turbulent decade for the EU. Many in the Eurozone will be hoping that it does not cause further economic turmoil, as it is becoming increasingly clear that the financial crisis of 2008-09 led to a substantial increase in poverty across the continent.

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We're Japan, and We're Here to Help

Foreign aid is a key instrument of international engagement in Japan’s foreign policy toolkit. Although Tokyo is no longer the world’s top aid donor that it once was in the 1990s, it still was the world’s number four aid donor in 2015 with close to a US$10 billion annual budget.

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Making Sure All Indians Participate in Economic Growth

India is set to become the world’s fastest-growing major economy this year. However, as the nation of 1.2 billion grapples with how to achieve rapid and sustainable economic growth, it must also ensure that such growth is inclusive — a task that will require much-needed reform.

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Australian Poverty Drops, but Income Stagnates

Poverty in Australia has declined, welfare reliance has stabilised and long-term poverty is becoming rare - but overall economic wellbeing is no longer improving, and households’ wealth has remained static, despite rising property prices, according to Australia’s most respected longitudinal study of economic wellbeing.

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