European Parliament Library

South Africa :, 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussions; and Statement by the Executive Director for South Africa

Abstract
This 2008 Article IV Consultation highlights that South Africa’s economic performance has strengthened in the last several years, with real GDP growing by 5–5½ percent in 2005–07, inflation declining to mid-single digits until recently, and employment growing steadily. However, 2008 saw a slowdown in activity, reflecting the cumulative impact of electricity power shortages, the global slowdown, and past monetary tightening. Executive Directors have welcomed the authorities’ pursuit of a prudent fiscal policy, and their intention to maintain a broadly neutral fiscal stance in 2008
Table Of Contents
Cover; Contents; Glossary; I. Background: Strong Macroeconomic Performance and Rising Challenges; Boxes; 1. South Africa's Power Crisis; II. Discussions on the Outlook: A Slowing Economy with Increasing Downside Risks; 2. Current Account Vulnerabilities; III. Policy Discussions; A. Containing Inflation Pressures; 3. Summary of Previous Consultation Discussions; 4. Risks from Rising Household Debt; B. Addressing Vulnerabilities; 5. The Real Exchange Rate and Competitiveness; C. Fostering Shared Growth; D. Regional Integration; IV. Staff Appraisal; Tables
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452762487

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