You may recall that, last year I alluded to disharmony or misaligned nexus between a stable macroeconomic environment and weak economic  outcomes;  specifically  insufficient  growth  rates,  high  unemployment levels and income inequality, and the resulting slow pace towards attainment of the high-income status.
Let me bring to your  attention a recent study by the International Monetary Fund on “Growth in Southern Africa: Issues and Reform Options”; it is not contained in the Annual Report; but pertinent for public discourse on the “middle-income” trap. The study identified three factors that continue to detract from growth prospects and transition to high-income status.