South Africa : 2013 Article IV Consultation

Publication Date: October 01, 2013
Electronic Access: Free Full text (PDF file size is 3,116KB).
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Summary: This 2013 Article IV Consultation highlights that South Africa’s economy has underperformed other emerging markets and commodity exporters, exacerbating South Africa’s already-high levels of unemployment (25 percent) and inequality, and contributing to rising social tensions. At the same time, weak trading partner growth, coupled with declining competitiveness and countercyclical fiscal policy, have led to rising fiscal and current account deficits and made South Africa vulnerable to a prolonged reversal of capital inflows. The outlook is for continued sluggish growth and elevated current account deficits. Growth is projected at 2 percent in 2013 as weak consumption growth and lackluster private investment offset robust public investment and higher export growth.
Series: Country Report No. 13/303
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal consolidation | Unemployment | Global competitiveness | Fiscal reforms | Monetary policy | Flexible exchange rate policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | South Africa

Publication Date: October 01, 2013
ISBN/ISSN: 9781616355241/1934-7685 Format: Paper
Stock No: 1ZAFEA2013001 Pages: 96
US$18.00 (Academic Rate:
US$18.00 )
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