IMF Staff Country Reports

South Africa: Selected Issues

Publication Date:

September 14, 2009

Electronic Access:

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Summary:

South Africa’s macroeconomic policies face a complicated task of balancing between supporting domestic demand and maintaining stability. The Selected Issues paper for South Africa discusses economic development and policies. Although the opening output gap and declining employment do call for countercyclical fiscal and monetary policy easing, policymakers should also be mindful of the effects of such policies on external and internal macroeconomic stability. The combined package of monetary and fiscal policies has considerable effects on growth and employment.

Series:

Country Report No. 2009/276

Subject:

Banking Central bank policy rate Emerging and frontier financial markets Exchange rates Financial institutions Financial markets Financial services Foreign exchange Inflation Prices Stocks