4 Much of the exports are destined for China, which accounts for 64 per cent of South Africa’s exports to BRIC, followed by India accounting for close to 30 per cent.
Although population growth is expected to moderate, labour force growth will be supported by stabilisation of the participation rate after two decades of decline. South Asia’s potential growth is projected to slow only marginally to 6.1 per cent a year on average in the 2020s from 6.2 per cent a year in the 2010s.