Not surprisingly, the projected path of robust GDP growth in the SEP translates into rapid declines in the projected SEP path for the unemployment rate, which is projected to fall to 4.5 percent by the end of this year, 3.8 percent by the end of 2022, and 3.5 percent by the end of 2023.
Naitram (2014) quantifies the impact of 17 small centres, using data from the IMF’s Coordinated Portfolio Investment Survey. His findings were that small IBFS centres that offer a wide range of services transmit finance efficiently from investors to productive end users, largely by reducing market frictions.