South Africa: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussions; and Statement by the Executive Director for South Africa
Electronic Access:
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Summary:
This 2008 Article IV Consultation highlights that South Africa’s economic performance has strengthened in the last several years, with real GDP growing by 5–5½ percent in 2005–07, inflation declining to mid-single digits until recently, and employment growing steadily. However, 2008 saw a slowdown in activity, reflecting the cumulative impact of electricity power shortages, the global slowdown, and past monetary tightening. Executive Directors have welcomed the authorities’ pursuit of a prudent fiscal policy, and their intention to maintain a broadly neutral fiscal stance in 2008.
Series:
Country Report No. 2008/348
Subject:
Balance of payments Banking Current account deficits Expenditure External debt Inflation Prices Public debt Public investment spending
English
Publication Date:
October 22, 2008
ISBN/ISSN:
9781451841077/1934-7685
Stock No:
1ZAFEA2008002
Pages:
63
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