IMF Staff Country Reports

South Africa: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa

Publication Date:

July 6, 2017

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2017 Article IV Consultation highlights that South Africa’s vulnerabilities have become more pronounced and are set to increase further unless economic growth revives. Following near-standstill in economic activity in 2016, growth is projected to increase to 1.0 percent in 2017 and 1.2 percent in 2018. The current account deficit is projected to decline to 3 percent of GDP in 2017, boosted by mining and agricultural exports. Consumer price inflation recently returned below 6 percent, owing in part to the easing of the drought, and is projected to remain marginally below the upper threshold of the 3–6 percent target band for the remainder of 2017 and in 2018.

Series:

Country Report No. 2017/189

Subject:

Banking Income Labor National accounts Personal income Public debt Revenue administration