South Africa: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa
Electronic Access:
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Summary:
South Africa’s strong economic recovery from the COVID-19 pandemic is petering out. Growth moderated from 4.9 percent in 2021 to 2.0 percent in 2022 as the country was buffeted by Russia’s war in Ukraine, global monetary policy tightening, severe floods, and an unprecedented domestic energy crisis. Inflation rose above the target band though inflation expectations remained anchored. The current account moved back into a deficit after a temporary commodity-price driven surplus.
Series:
Country Report No. 2023/194
Subject:
Expenditure Inflation International organization Monetary policy National accounts Prices Private investment Public debt
Frequency:
regular
English
Publication Date:
June 6, 2023
ISBN/ISSN:
9798400245312/1934-7685
Stock No:
1ZAFEA2023001
Format:
Paper
Pages:
175
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