European Parliament Library

South Africa :, 2013 Article IV Consultation

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
Table Of Contents
""Cover""; ""CONTENTS""; ""CONTEXT""; ""DEVELOPMENTS""; ""A. South Africa�s Economy Underperforms Peer Emerging Markets""; ""B. Structural Problems to the Fore""; ""C. Vulnerabilities on the Rise, though Balance Sheets Remain Robust""; ""OUTLOOK AND RISKS""; ""POLICIES""; ""A. Demand Management Policies: Supporting Growth while Managing Vulnerabilities""; ""B. Structural Policies""; ""STAFF APPRAISAL""; ""BOXES""; ""1 Analysis of External Competitiveness""; ""2. Credit to Households""; ""3. Spillovers from Global Risk Scenarios and Risk Assessment Matrix""; ""4. Low Saving Rate""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (99 p.)
Specific Material Designation
Form Of Item

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